Tag: Bank for International Settlements

• Thursday, February 20th 2020 - 08:54 UTC

  World Bank aid to the neediest countries ended in offshore bank accounts, shows data from tax havens and BIS

  

  World Bank aid payments to the neediest countries appear to trigger money flows to offshore bank accounts, suggesting funds are siphoned off from the nations they are meant to help, according to a study published on Tuesday.

• Saturday, April 27th 2013 - 04:44 UTC

  Uruguayans hold 7.18bn in overseas deposits, according to BIS

  

  Deposits of Uruguayans in overseas banks experienced a drop in the last quarter of 2012, the second consecutive fall (3%), and now stand at 7.18bn dollars according to preliminary data released by the Bank for International Settlements.

• Thursday, October 18th 2012 - 00:57 UTC

  Hedge funds targeting Argentina miss the target: BIS deposits free from embargoes

  

  Switzerland’s government rejected a law suit filed by US hedge funds asking to set an embargo on Argentina's assets deposited in Switzerland based Bank for International Settlements as they claim the payment of a 1 billion dollars debt.

• Wednesday, June 30th 2010 - 05:10 UTC

  BIS recommends slashing budget deficits and rising borrowing costs

  

  Governments must slash budget deficits decisively and central banks should not wait too long to raise borrowing costs as side effects from measures prescribed to tackle the global recession may create the next crisis according to the Bank for International Settlements.