The offshore banking!

I often find it difficult to trust the Banks that are already here.but to put all my money in an offshore account just so that i can get away without having to pay any taxes,well,i think that would be a case of taking the trust a bit too far. of course,since i do not have oddles of money stashed away,i guess i can talk like this.but in the end,it is all in the eye of the beholder,is it not?
after all,what is there to stop the overseas bank from running away with your cash??

Three Indian banks may soon operate branches in Singapore!

The State Bank of India,Bank of Baroda and the Indian Bank may all be given full licenses to start their operations in Singapore at the earliest.of course,this will entail a reciprocal action on the part of India to do the same to three top Singapore based banks and give them full banking licenses to operate in India as well.
This will only give an additional boost to the already burgeoning trade relations between Singapore and India.it seems that India's look east policy is finally starting to pay dividends.DBS Group, Oversea Chinese Banking Corp and United Overseas Bank are among the banks which have applied for a full banking licence in India.soon we can all apply for an account in these banks provided things go well!

india,singapore,bank,trade,

Going,going...gone!

At last the World Bank can rest easy with Wolfowitz tendering his resignation in what has been one rollercoaster season of sorts for the bank.this one man has managed to bring scandal and shame to a prestigious institution like the World Bank itself.i honestly think that it will take quite some time for the World Bank to recover its image of integrity.the facts are that the head of the World Bank had behaved in quite an underhanded fashion,very unbecoming for any banker and to make matters worse had tried to cover up and at the same time palm off the mess onto his assistants.his response for 'why he did that' was that no one at the bank had informed him that it was quite unethical to promote one's girlfriend way beyond her qualifications and to get her an enormous hike in salary at the same time.
what did he think 'unthical' meant?and when asked to resign,he refused to do so at first.naturally all the World Bank employees were miffed at the whole scenario and they were threatening to strike,a first of sorts for the Bank itself.finally Wolfowitz has agreed to resign with a 'fair' report on his performance.but i do have to say that going by what he did at the World Bank,any organisation especially banks should steer clear of "the wolf in the sheep's clothing"

the bell tolls for "wolf"

Well to follow up from where we left off the last time,the investigating committee found that Paul Wolfowitz was indeed guilty of breaching the rules of conduct of the World Bank and that he had infact acted against the established rules for his own gain.the directors agreed with this view and have labelled the wolf's behaviour as "unethical".
the worst that can be called of a banker is the "unethical" label.which means to not put too fine a point,paul can no longer be trusted as a banker leave alone as the head of one.whats more,this view would also be sent to the governers.Paul,can you hear it?the bell's tolling and it is tolling hard.maybe it is the time for you to quit rather than be fired and take some time off for introspection!

"wolfie" being caught in more lies??

Paul wolfowitz is finding that as more and more of his lies are being caught out,the expresion "from the pan to the fire",being much more appropriate to this situation with the IMF and the World Bank.Venezuala resigning from these boards really did not help matters and if any only managed to notch up the tension much more.
the IMF and the World Bank are finding themselves in a situation they cannot come to understand.for one their credibility has hit a new low and if other countries folowwed venezuala's action soon the IMF as well as the World Bank may fiond themselves without any members!
Paul should not resign but instead should be "fired".that is clear,for he has indeed made a mash of the words "ethics" and whats more has compromised the integrity of the World Bank as well as that of the IMF!