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safe offshore banks / safe offshore banking

Posted By: FEEDthePOOR

safe offshore banks / safe offshore banking - 01/27/09 08:26 PM

DISCLAIMER: This is not an advertisement but a report on worldwide safe offshore banks for safe offshore banking and a report on some that have been wounded after the 2008 financial collapse.



Safe Offshore Banking / Safest Offshore Banks - are there any left?



Because of the trend toward loss of privacy and socialism in Europe and in North America the safest offshore banks are found all the way from off the east coast of Africa across certain parts of Asia, into the South Pacific region and into Central America. One of the banks on the list of ten below
has low minimum account opening requirements and has branches in some of these relatively safe regions of the world. A branch is governed by the privacy laws of the country in which it is set up and not the laws of the home office which may not have any privacy laws at all.



Here are some relatively safe offshore banks for safe offshore banking :



Here are the leading safe offshore banks in the world, according to a ranking done after examining their total assets in US dollars. This ranking is compiled from balance sheet information included on AllBanks.org



1 UBS AG Switzerland
2 Barclays UK
3 The Royal Bank of Scotland Group UK
4 Deutsche Bank AG Germany
5 BNP Paribas SA France
6 The Bank of Tokyo-Mitsubishi UFJ Ltd Japan
7 ABN AMRO Holding NV Netherlands
8 Société Générale France
9 Crédit Agricole SA France
10 Bank of America NA USA



2008/2009 UPDATE AFTER THE FINANCIAL COLLAPSE OF 2008
Are there any safe offshore banks left? Yes, you need to remember that even though many of these banks lost a lot of money they still have a lot of money left over.



Germanys largest bank, Deutsche Bank AG, reported a fourth quarter loss of about $6.3 billion (4.8 billion euros), prompting its shares to fall as much as 13% on the news. A year earlier, the bank posted a profit of about $1.3 billion (1 billion euros).



Royal Bank of Scotland (RBS:xlon) expected to post losses of as high as £1.7 billion.



HSBC (00005:xhkg) expected to writedown another £3.5 billion



HBOS, UK's largest mortgage and savings bank, suffered a 70% drop in profit last week, demonstrating that the UK economy is really struggling now. Also quoted to be in talks to divest assets in an effort to shore up capital.



Bucking the trend is Standard Chartered (STAN:xlon) expecting to post profits of £1.3 billion. Most of Standard Chartered's earnings come from emerging markets, especially Asia and they have come out relatively unscathed from the subprime debacle.



DISCLAIMER: This is not an advertisement but a report on worldwide safe offshore banks for safe offshore banking and a report on some that have been wounded after the 2008 financial collapse.
Posted By: deadserious

Re: safe offshore banks / safe offshore banking - 01/27/09 08:31 PM

There may be a better forum to share this info.
Posted By: FEEDthePOOR

Re: safe offshore banks / safe offshore banking - 01/27/09 08:39 PM

Many rich people have moved to Belize so I am sure
they could benefit from it. It is more relevant
than some things I have seen talked about on this
forum.


I encourage those of you who know of good banks
to post them here. Many people are wondering what
is a safe bank when many are failing.


FEEDthePOOR
Posted By: Phil

Re: safe offshore banks / safe offshore banking - 01/27/09 08:46 PM

ABN Amro don't exist any more so it can't be that accurate.
Posted By: deadserious

Re: safe offshore banks / safe offshore banking - 01/27/09 08:51 PM

Originally Posted by FEEDthePOOR
Many rich people have moved to Belize so I am sure they could benefit from it. It is more relevant
than some things I have seen talked about on this
forum.


I'm not saying that it shouldn't have been posted to ambergriscaye.com, but just that the Ambergris Caye forum in particular was not the right choice. Perhaps Chat Area since there is not a specific business or investment forum.
Posted By: skippy

Re: safe offshore banks / safe offshore banking - 01/27/09 09:43 PM

Feed the poor to who?

If you mean the US "poor", they are pretty much obese across the board, so maybe you are on to something after all.
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