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Latest Offshore Bank News

UK to Expand Offshore Wind Power

Der Spiegel - The new Burbo Bank offshore wind farm in the mouth of the River Mersey in Liverpool, England was inaugerated in Oct. 2007. Seven thousand wind turbines dotting the seas surrounding Britain. Enough green power to light every home in the United Kingdom ...

Terri Irwin hits out over financial misconduct scandal

News.com.au - TERRI Irwin has denied being "knowingly involved" in any illegitimate activity after revelations she sought $3 million in loans from an offshore bank now at the centre of a multimillion-dollar law suit. Despite initially denying any knowledge of the ...

Road reflects why $568 billion in aid to Africa has largely failed

International Herald Tribune - Western nations largely looked the other way as the aid money disappeared into his offshore bank accounts and into the pockets of dozens of corrupt leaders. Mobutu stopped plans for the highway in 1974, after stealing the money Belgium gave him for ...

St George admits $400m Centro exposure

News.com.au - Liz Bush, the staff member who addressed the meeting, said the current review at the bank's main operations at Kogarah was having a "devastating impact" on staff morale because of worries about jobs going offshore. Mr Fegan said the bank was aware of ...

Former President of Domecq Importers Inc. Sentenced to 10 Years in ...

Forbes - ... to the indictment, Domecq and other top executives at Domecq Importers, with the assistance of certain outside vendors of advertising materials and services, diverted more than $14.6 million from Domecq Importers into their personal offshore bank ...

Parents branded gutless over teen boozers

News.com.au - Terri Irwin: all is fine at zoo TERRI Irwin has denied being "knowingly involved" in any illegitimate activity after revelations she sought $3 million in loans from an offshore bank now at the centre of a multi-million-dollar lawsuit.

St George sticks by annual earnings forecast

News.com.au - However, the bank also warned that wholesale funding costs were rising, and indicated that it might have to reverse its former position and raise variable home loan rates independently of the Reserve Bank of Australia. With offshore securitised debt ...

CBA does U-turn on offshore policy

The Australian - COMMONWEALTH Bank has appointed two Indian firms to a panel of three software services suppliers, as the bank winds down its $5 billion, 10-year outsourcing agreement with EDS. CBA said yesterday that, after a long tender process, it had entered into ...

Power Flow Reverses For Wall Street And China

Forbes - Exactly a decade ago, Morgan Stanley became the first Wall Street bank to gain a foothold in China, taking a 34% stake in ... controllers, it has benefited from the relationship, securing a leading advisory role in billions of dollars worth of offshore ...

Kathleen Pender: Municipal bonds hit by mortgage fallout

San Francisco Gate - It says that "from a liquidity perspective, we do not view this as a potential run-on-the-bank situation. Claims, if and ... To shore up their capital, they could sell stock, seek an offshore equity partner or obtain reinsurance, says Reid Smith, a ...

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