Citi launches SEPA Instant Payments in Europe

Citi, the New York-headquartered bank with a global presence that many American expats rely on, has announced the launch of Single Euro Payments Area (SEPA) Instant Payments services in Europe, a development that it says will increase its global instant payments offering.

Citi 'further expands' its European private banking biz

Citigroup, the New York-based, NYSE-listed, multinational banking company that many U.S. expats still have accounts with, has announced that it's expanding its private banking business in Europe, with new offices set to open in Germany and France. 

Goldman Sachs, Citi reported hiring in China, Hong Kong...

 ... as a senior Chinese official is quoted as saying U.S. businesses are 'essential' for China's development... 

Relations between the U.S. and Chinese governments may still be frosty, but it seems that the prospect of business to be done as the Covid-19 pandemic appears to be starting to ease is prompting Western banking industry executives to move at speed to target the Asia Pacific region's wealthiest individuals – and prompting Chinese officials to ensure that these companies feel they're welcome, events over the last week reveal.

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Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

In the early years of this century, a number of major media exposés reported how Homeland Americans, as well as rich people from other developed and developing countries, were making...