Bernard Madoff's London-based investment business has been formally placed into liquidation, in a move that could shed new light on the fraudster's operations, according to The Sunday Times.
Almost a quarter of voters in Iceland have signed a petition against plans to repay money lost by foreigners when Icesave, the internet banking arm of Landsbanki, collapsed in October 2008.
BlackRock has reduced the annual management charge on the retail share classes of six Luxembourg-listed funds by 25 basis points.
The Serious Fraud Office (SFO) has launched a criminal investigation into failed Icelandic bank Kaupthing.
Trusts are being under-utilised as a tool for offshore investment business, according to research from Skandia International.
HM Revenue & Customs (HMRC) is extending the declaration deadline for taxpayers with offshore investments.
Market volatility will not damage demand for offshore products, advisers say.
Offshore centres must ensure their compensation schemes are understood by depositors and should also consider whether an Ombudsman scheme is justified.
Global consumers are still confident about offshore investment products, despite the sector being badly hit by the collapse of Landsbanki and Kaupthing Singer & Friedlander IOM, according to a survey by Skandia International.