Swedes named in ICIJ offshore banking report
From Ice News Several high profile Swedish nationals have been named in the scandalous report released recently by the International Consortium of Investigative Journalists (ICIJ), including the name of one aristocrat. In an explosive expose due on newsstands this week…
Mac gambles his political career
It has come as no surprise to learn that the Cayman Islands ex premier, McKeeva Bush, liked to gamble. A lot of my friends like to gamble. Just because I don’t and find gambling exceedingly boring has nothing to do…
Horse or Beef? Why we should know who owns companies, and what the G-8 can do
By Alex Cobham, Center for Global development Last week saw a series of news stories break around the world, in what may have been the largest ever cross-border journalistic collaboration. The stories, coordinated by the International Consortium of Investigative Journalists…
Goldman Sachs USA Given Green Light For UK Branch
Natasha Taghavi, Reporter in London, Wealth Briefing Goldman Sachs Bank USA has confirmed it has won approval to operate a private bank in the UK, following its expansion plans announced in October 2012, making the move after the Goldman Sachs…
Can You Really Patent A Gene?
The Financialist The question of whether genetic material can or should be patented by pharmaceutical companies is being tested in courts both in the U.S. and overseas. On Monday, the U.S. Supreme Court heard an appeal by the American Civil…
llinois PIRG takes on Bank of America’s Cayman Islands PO Box
From Illinois Review Stacks-of-Cash-psd60499CHICAGO – The Illinois Public Interest Research Group (PIRG) really is irritated with the Bank of America. Along with other Occupy Wall Street like minded folks, they’re out to get more $$ from B of A because…
Cayman has nothing to fear from FATCA
by Phillip Morton, Investors Offshore.com The Chief Executive Officer of Cayman Finance, the promotional agency for the islands’ financial services industry, Gonzalo Jalles has discussed the ramifications for the Cayman Islands’ banking sector of the United States’ Foreign Account Tax…
US Senate rejects amendment to expand gun-sale checks
BBC A bipartisan plan to expand background checks on gun buyers has failed in the US Senate, a blow to gun control plans. The plan was blocked on a 54-46 vote, six votes short of the 60-vote hurdle needed to…
Super-powered battery breakthrough claimed by US team
By Leo Kelion BBC Technology reporter A new type of battery has been developed which its creators say could revolutionise the way we power consumer electronics and vehicles. The University of Illinois team says its use of 3D-electrodes allows it…
Banking secrecy issue not ‘one-way street,’ says Austria
From Global Post Austria will not negotiate loosening its controversial banking secrecy policies until others do so too, notably tax havens under Britain’s influence, top government officials said Tuesday in Vienna. “We do not wish to start discussions if others…
