Isle of Man

Standard Bank Offshore has upgraded its international banking services for expatriates with the addition of an Australian dollar denominated version of its Optimum Bank Account.

Skandia International urges IFAs to consider the financial security of offshore firms they deal with.

Standard Bank Offshore has appointed Sheena Maddrell as its new European business development manager, as part of the bank's ongoing commitment to developing business through Independent Financial Advisor (IFA) distribution channels.

Depositors who lost money with Isle of Man-based Kaupthing Singer & Friedlander finally have confirmation that the parental guarantee issued by the bank is valid and binding.

EXCLUSIVE

Deposits in banks on the Isle of Man have fallen from £56.8bn to £49.9bn since Her Majesty's Revenue and Customs (HMRC) created a unit to focus on tax avoidance via offshore schemes.

Two Isle of Man companies celebrate their fifth year of operation.

Mark Hucker has been appointed Chief Risk Officer for Standard Bank Offshore.

Kleinwort Benson's £26.4m purchase of Close Offshore Group is now finalised.

Private bank Kleinwort Benson has completed its £26.4m acquisition of Close Brothers' offshore arm