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NEWS

Unlocking the Mysteries of UK Non-Dom Status

In recent days, the financial news has been abuzz with speculation about Chancellor Jeremy Hunt’s potential reforms to the UK’s non-domiciled (‘non-dom’) tax status in the upcoming budget announcement. While it’s tempting to dive into predictions and potential outcomes, I believe such speculation is best...

What’s going on at Credit Suisse?

Founded in 1856 by the Swiss railway pioneer Alfred Escher, Credit Suisse has long been seen as a symbol of everything good about Switzerland: Strong, efficient and stable. It is difficult to walk into a single urban area within the alpine country and not find...

Silicon Valley Bank

It’s 2023, fifteen years since the financial crisis of 2008, an event which many considered was unlikely to be repeated. Yet here we are again, with queues of concerned customers standing outside a large failed financial US institution, demanding the return of their deposits. So...

The adult in the room?

This year’s presidential elections are completely overshadowed by the Covid crisis. The magnitude of the economic crisis is forcing the two parties on the political spectrum to converge. Therefore, to a large extent, economic policies for the coming years will follow a pre-set course. Support...

Oil Trading in Imaginary Numbers

Oil prices plummeted yesterday, with the future of the WTI for the first time in history trading in negative territory Despite the vertigo produced by seeing negative prices, these can be explained by a combination of both fundamental and technical factors. Furthermore, it is reassuring...

The clash of the curves

After yesterday US congressional leaders agreed on a relief package for the US economy of historic proportions, another critical milestone has been passed. The fiscal and monetary firewalls that have been erected should be sufficient to allow the economy to hail from a sudden slowdown...

Coronavirus – Market update

Yesterday’s sharp market correction was triggered by the new coronaviruses cases reported over the weekend. The new outbreaks are qualitatively different, since they have arisen in regions far away from China, such as Iran or Italy, which increases the risk that the new disease can...

US – China Trade Worries

Tweet War Since Trump’s tweets last Sunday threatening to impose new tariffs on China, the stock markets have fallen from levels close to their all-time highs, with the S&P 500 down 3.5% in the week. Although both technical factors and increased volatility due to being...

Markets and Trade War Fears

Markets tumbled yesterday after president Trump announced further trade tariffs, this time aimed exclusively at China. The extent of the fall indicates that despite some protectionist measures already being priced in to the market, the recent ousting of moderate senior figures in the White House...

ABLV Bank Note

The U.S. is seeking to impose sanctions on ABLV Bank, the third largest financial institution in Latvia by assets. FinCen, the U.S. Financial Crimes Enforcement Network, released the following memo on 13th February: WASHINGTON – The U.S. Department of the Treasury’s Financial Crimes Enforcement Network...