Apple to Pay $38 Billion in Taxes for Offshore Cash, Invest $350 Billion into US Economy

Apple to Pay $38 Billion in Taxes for Offshore Cash, Invest $350 Billion into US Economy

Apple has announced planned investment of $350 billion that will indirectly create more than 2 million jobs over the next 5 years in the United States.  At Apple, more than 20,000 jobs will be created including a new campus.  Part of these planned capital investments will be funded by Apples’ offshore cash which will be repatriated, that will trigger an approximate tax payment of $38 billion.

” Apple to Invest $350 Billion into US Economy, to Hire more than 20,000 People “

Apple is one of the first major US corporation to take advantage of the new tax system to promote US domestic economic growth.  Cash are taxed at 15.5% while non-cash or less liquid assets will be taxed at 8%.  Apple has more than $200 billion of cash reserves offshore.

Source: Apple, Bloomberg, Reuters

 

Video:

https://youtu.be/zvYmy60ON6w

 

Video:

 

About Apple Inc

Apple Inc., incorporated on January 3, 1977, designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company sells a range of related software, services, accessories, networking solutions and third-party digital content and applications. The Company’s segments include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.

Visit: Apple Inc

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

HSBC has Agreed to Pay $101.5 Million to Resolve Fraud Charges

HSBC has Agreed to Pay $101.5 Million to Resolve Fraud Charges

HSBC Holdings has agreed to pay $101.5 million to resolve fraud charges with the US Department of Justice (DoJ).   The agreement to pay $101.5 million comprised of $63.1 million criminal penalty and $38.4 million in disgorgement and restitution to resolve charges in defrauding two bank clients through a multi-million dollar scheme commonly referred to as “front-running.”

“ HSBC to Pay $101.5 Million for Defrauding Clients “

On two separate occasions in 2010 and 2011, foreign exchange traders misused confidential information provided to them by HSBC clients to execute multi-billion dollar foreign exchange transactions involving the British Pound Sterling.  After executing confidentiality agreements with clients, the traders transacted in the Pound Sterling in their HSBC “proprietary” accounts, thereafter causing the large transactions to be executed in a manner designed to drive the price of the Pound Sterling in a direction that benefited HSBC, and disadvantaged clients.

In one incident, HSBC had made misrepresentations to one of the clients, Cairn Energy, so as to conceal its actions.  In total, HSBC admitted to making profits of approximately $38.4 million on the first transaction in March 2010, and approximately $8 million on the Cairn Energy transaction in December 2011.

Since 2011, HSBC has introduced numerous measures to enhance its Global Markets compliance programme and internal controls and agreed to cooperate fully with regulatory and law enforcement authorities.

Source: US Department of Justice, HSBC

 

Video:

 

 

Video:

 

 

About HSBC

HSBC is one of the world’s largest banking and financial services organisations. With around 6,000 offices in both established and emerging markets, we aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We serve more than 47 million customers through our four Global Businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. Our network covers 71 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America. Listed on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by about213,000 shareholders in 132 countries and territories.

Visit: HSBC

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

Western Union Fined $60 Million for Anti-Money Laundering & New York Banking Secrecy Violation

Western Union Fined $60 Million for Anti-Money Laundering & New York Banking Secrecy Violation

Western Union has agreed to pay $60 million fine for breaching anti-money laundering (AML) and New York Bank Secrecy Act through a consent order issued by the New York Department of Financial Services (DFS).  Western Union executives and managers had ignored and failed to report high volume of suspicious money transfer transactions originating from agents in New York and around the world to its locations in China.  The transactions may also have aided in human trafficking.

“ One Western Union Agent in Lower Manhattan processed more than $1.14 billion of money transfers between 2004 and 2011 “

Many of these agents are small businesses but are some of Western Unions largest agent locations in the world by transaction volume and are extremely profitable.  One Western Union agent in Lower Manhattan alone, processed more than $1.14 billion of money transfers and 447,000 transactions between 2004 and 2011.

Investigations had discovered the company had failed to establish and maintain an anti-money laundering compliance program during its operation from 2004 until 2012.  DFS licenses and regulates money transmitters in New York State, and is the sole regulator for Western Union in New York State.

Source: Department of Financial Services, Western Union

 

Video:

 

Video:

 

About Western Union

We are a leader in global payment services. From small businesses and global corporations, to families near and far away, to NGOs in the most remote communities on Earth, Western Union helps people and businesses move money – to help grow economies and realize a better world. In 2016, we completed 791 million transactions for our consumer and business clients. We continue to innovate, developing new ways to send money through digital, mobile, and retail channels, with an array of convenient pay-out options to meet business and consumer needs.

Visit: Western Union

 

About New York State Department of Financial Services

The New York State Department of Financial Services was created by transferring the functions of the New York State Banking Department and the New York State Insurance Department into a new department. This transfer of functions became official on October 3, 2011.

Visit: DFS

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

UK Authority Fines ex-RBS Trader £250,000 for Manipulating Libor Rates

UK Authority Fines ex-RBS Trader £250,000 for Manipulating Libor Rates

UK Financial Conduct Authority (FCA), has fined ex-RBS interest rate derivatives trader, Neil Danziger, a sum of £250,000 for Libor misconduct.  Neil has committed the offences while he was working at the RBS trading products desk, referencing to JPY LIBOR.

” ex-RBS Trader fined £250,000 for Libor misconduct “

Between 2007 to 2010, he had made requests to RBS’s primary submitters, benefiting from the trade positions he and his fellow derivatives traders were responsible for.  He had also twice, secured the help of a broker to manipulate the JPY LIBOR submission of other banks.  Between 2008 and 2009, he had also entered into “wash trades” or transactions that cancelled out each other, to generate brokerage fees to brokers in return for receiving hospitality treats (dining & drinks).  In addition to the fine of £250,000, the ex-RBS trader is also prohibited from working in the financial services.

Since 1st April 2013, the FCA has became responsible for conduct supervision of all regulated financial firms, and imposed 7 penalties totalling £426 million in fines on firms for misconduct relating to LIBOR.

Source: Financial Conduct Authority

 

Video:

 

Video:

 

About Royal Bank of Scotland

Today’s RBS and its brands are made up of hundreds of past banks. They were all different – large and small, city and country, traditional and innovative – and grew to serve the banking needs of unique communities all over the United Kingdom. Each one has left its mark on our identity today.  The Royal Bank of Scotland was founded in Edinburgh in 1727. It went on to become one of the biggest banks in Scotland.

Visit: Royal Bank of Scotland

 

About Financial Conduct Authority

The Prudential Regulation Authority (PRA) is the prudential regulator of around 1,500 banks, building societies, credit unions, insurers and major investment firms. As a prudential regulator, it has a general objective to promote the safety and soundness of the firms it regulates.

We were established on 1 April 2013, taking over responsibility for conduct and relevant prudential regulation from the Financial Services Authority.

Visit: FCA


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

Chinese Tech Giant Tencent Receives License to Sell Third-Party Mutual Funds

Chinese Tech Giant Tencent Receives License to Sell Third-Party Mutual Funds

Chinese technology giant Tencent has successfully acquired the license to sell third-party mutual funds, through its affiliated company Tengan Funds Sales (Shenzhen).  The license is issued by Shenzhen Securities Regulatory Bureau.  With the license, it is now able to build financial service platforms to compete against rivals Alibaba Group and Baidu.

“ Tencent Acquires Mutual Funds License, To Compete against Alibaba Group & Baidu “

Prior, Tencent can only act as an online bridge between investors and fund distributors via its online wealth management platform qian.qq.com and its messaging platform Wechat which has more than 980 million users.

Source: SCMP, CGTN

 

Video:

 

Video:

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

Zurich Insurance Acquires ANZ Life Insurance for $2.1 Billion, Becomes Australia’s Biggest Life Insurer

Zurich Insurance Acquires ANZ Life Insurance for $2.1 Billion, Becomes Australia’s Biggest Life Insurer

Zurich Insurance Group has agreed to buy ANZ’s life insurance arm in Australia for AUD 2.85 billion ($2.14 billion).  With the acquisition, the Swiss company will become Australia’s biggest life insurer with an approximate 19% market share of the Australian insurance market.  The deal is expected to complete by the end of 2018.

“Zurich becomes Australia’s Biggest Life Insurer buying $2.1 Billion ANZ”

The deal will also give Zurich access to ANZ’s 6 million customers. It will serve them through the bank’s 680 branches, ATMs, and online services for 20 years. It will increase cash flows by around $225 million over the 2017-2019 planning period.

The transaction price comprises AUD 1 billion of upfront reinsurance commissions, expected to be paid subject to regulatory approval in May 2018 with the remaining balance paid on completion.

“ANZ’s portfolio of non-traditional and profitable retail products fits well with Zurich’s strategy to focus on capital-light protection and unit-linked business. Furthermore, it strengthens the Group’s position in Asia Pacific, while building on our strong bank distribution capabilities,” said Group Chief Executive Officer Mario Greco. “In addition, the existing portfolio provides a highly cash-generative business that will add to our cash remittances, increase our business operating profit after tax return on equity (BOPAT ROE) target by 50 basis points and support dividend growth beyond that implied by our existing plan.”

The acquisition is expected to contribute to the Group’s profitability from day one, generating strong cash flows which will support future dividend growth. The transaction will also increase the proportion of stable life protection-based earnings, reducing overall Group earnings volatility and increasing the proportion of life earnings remitted as cash back to the Group. In view of these earnings benefits, Zurich expects to raise its current BOPAT ROE target by 50 basis points by 2019. The transaction is also expected to increase the level of overall cash remittances over the 2017-2019 planning period by AUD 300 million (USD 225 million).

As part of the transaction, Zurich will enter into a 20-year distribution agreement with ANZ in Australia to distribute life insurance products through bank channels. Under this agreement, Zurich will have access to ANZ’s 6 million customers which are served through the bank’s more than 680 branches and over 2,300 ATMs, as well as digital distribution channels.

Source: Zurich, Reuters, CNBC

 

Video:

 

Video:

 

About Zurich Insurance Group

Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 54,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 210 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX.

Visit: Zurich

 

About ANZ

Our history dates back over 180 years. We are committed to building lasting partnerships with our customers, shareholders and communities in 34 countries in Australia, New Zealand, throughout Asia and the Pacific, and in the Middle East, Europe and America. We provide a range of banking and financial products and services to over 9 million customers. We employ over 50,000 people worldwide.

Visit: ANZ

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

European Union Publishes Blacklist of 17 Tax Havens

European Union Publishes Blacklist of 17 Tax Havens

The European Union have published a long-awaited blacklist of global tax havens.  17 countries have been named in the latest step in the bloc’s crackdown for failing to meet agreed tax good governance standards.  The 17 countries are: American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia and United Arab Emirates.  Blacklisted countries could lose access to EU funds and other possible countermeasures.

“ EU publishes blacklist of 17 tax havens ”

In addition, 47 countries have committed to addressing deficiencies in their tax systems and to meet the required criteria. However, they need to meet EU criteria by the end of 2018, or 2019 for developing countries without financial centres, to avoid being listed.

 

Blacklist Tax Havens:
American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia, United Arab Emirates

Improve Transparency Standards:
Armenia, Bosnia & Herzegovina, Botswana, Cape Verde, Hong Kong SAR, Curaçao, Fiji, Former Yugoslav Republic of Macedonia, Jamaica, Maldives, Montenegro, Morocco, New Caledonia. Oman, Peru, Qatar, Serbia, Swaziland, Taiwan, Thailand, Turkey, Vietnam.

Improve Fair Taxation
Andorra Armenia, Aruba, Belize, Botswana, Cape Verde, Cook Islands, Curaçao, Fiji, Hong Kong SAR, Jordan, Labuan Island, Liechtenstein, Malaysia, Maldives, Mauritius, Morocco, Niue, St Vincent & Grenadines, San Marino, Seychelles, Switzerland, Taiwan, Thailand, Turkey, Uruguay, Vietnam

Introduce substance requirements
Bermuda; Cayman Islands; Guernsey; Isle of Man; Jersey; Vanuatu.

Commit to apply OECD BEPS measures
Albania, Armenia, Aruba; Bosnia & Herzegovina, Cape Verde, Cook Islands, Faroe Islands, Fiji, Former Yugoslav Republic of Macedonia, Greenland, Jordan, Maldives, Montenegro, Morocco, Nauru, New Caledonia, Niue, Saint Vincent & Grenadines, Serbia, Swaziland, Taiwan, Vanuatu

Source: Reuters, Telegraph, Europa.eu, Europa.eu

 

 

Video:

https://youtu.be/sevQkV5FJVc

 

Video:

 

Video:

 

About European Union

The European Union is a unique economic and political union between 28 European countries that together cover much of the continent.  The predecessor of the EU was created in the aftermath of the Second World War. The first steps were to foster economic cooperation: the idea being that countries that trade with one another become economically interdependent and so more likely to avoid conflict.

The result was the European Economic Community (EEC), created in 1958, and initially increasing economic cooperation between six countries: Belgium, Germany, France, Italy, Luxembourg and the Netherlands.  Since then, 22 other members joined and a huge single market (also known as the ‘internal’ market) has been created and continues to develop towards its full potential.  What began as a purely economic union has evolved into an organization spanning policy areas, from climate, environment and health to external relations and security, justice and migration. A name change from the European Economic Community (EEC) to the European Union (EU) in 1993 reflected this.

The EU has delivered more than half a century of peace, stability and prosperity, helped raise living standards and launched a single European currency: the euro. More than 340 million EU citizens in 19 countries now use it as their currency and enjoy its benefits.  Thanks to the abolition of border controls between EU countries, people can travel freely throughout most of the continent. And it has become much easier to live, work and travel abroad in Europe. All EU citizens have the right and freedom to choose in which EU country they want to study, work or retire. Every member country must treat EU citizens in exactly the same way as its own citizens for employment, social security and tax purposes.

The EU’s main economic engine is the single market. It enables most goods, services, money and people to move freely. The EU aims to develop this huge resource to other areas like energy, knowledge and capital markets to ensure that Europeans can draw the maximum benefit from it.

Visit: European Union

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

China Regulator Fines China Minsheng Banking Corp $4.16 Million Yuan for Selling Fake Wealth Products

China Regulator Fines China Minsheng Banking Corp $4.16 Million Yuan for Selling Fake Wealth Products

China’s banking regulator (China Banking Regulatory Commission) has fined China Minsheng Banking Corp 27.5 million yuan ($4.16 million) for selling fake wealth management products.  Employees had sold wealth management products that did not exist to 150 affluent retail investors.

” China Minsheng Banking Corp fined $4.16 Million for Selling Fake Wealth Products “

The investors were told that the original investors were in urgent need of cash and were willing to cash out of the investment products early at a discount, which will increase the returns on the products.   A total of 13 employees were fined and Zhang Ying, the former head of Hangtianqiao branch in Beijing was banned from working in the banking industry for a lifetime.

Source: South China Morning Post, Reuters

Video:

 

About China Minsheng Bank

China Minsheng Banking Corporation Limited (China Minsheng Bank, CMBC, or the Company) was formally established in Beijing on 12 January 1996. It is China’s first national joint-stock commercial bank initiated and founded mainly by non-state-owned enterprises.

Over the past 21 years since establishment, along with the rapid growth of China’s economy and the support from customers and various circles of the society, China Minsheng bank has been taking full advantages of “new bank, new mechanism” and has grown from a small bank with only RMB1.38 billion capital into a large-scale commercial bank with over RMB370 billion net tier-one capital, more than RMB5.7 trillion total assets, nearly 3,000 branches, sub-branches and outlets, and around 57 thousand employees. In the Top 1000 World Banks ranking released by The Banker in July 2017, China Minsheng Bank was ranked No.29. In the Global 500 list published by Fortune in July 2017, China Minsheng Bank stood at No. 251.

Visit: China Minsheng Bank


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

Paradise Papers Reveals Famous Celebrities, Politicians and Billionaires in Appleby’s Data Leak

 Paradise Papers Reveals Famous Celebrities, Politicians and Billionaires in Appleby’s Data Leak

The Paradise Papers have exposed hundreds of politicians, multinationals, celebrities and high-net-worth individuals.  Famous celebrities in the papers includes Lewis Hamilton, Madonna, Shakira, Keira Knightley, U2 singer Bono and Amitabh Bachchan.  Corporations and businessmen names includes Apple, Nike, Facebook, Glencore, Private Equity firm Blackstone, George Soros, Microsoft co-founder Paul Allen Microsoft and Irish Billionaire Dermot Desmond.

” Madonna, Shakira, Lewis Hamilton, Nike, Apple, Facebook names mentioned in Paradise Papers “

Royalties, politicians and ex-politicans were also listed in the papers with names like Queen Elizabeth II, Prince Charles, former Japanese Prime Minister Yukio Hatoyama, family members of former Japanese Prime Minister Yukio Hatoyama, former Pakistan Prime Minister Shaukat Aziz and a Cayman Islands trust managed by Canadian Prime Minister Justin Trudeau.

Questionable deals mentioned includes Twitter and Facebook received hundreds of millions in investments that are traced to Russian state financial institutions, two billionaires buying stakes in Arsenal and Everton football clubs and Prince Charles for not disclosing his private estate had an offshore financial interest while promoting altering climate-change agreement.

The name of the “Paradise Papers” was chosen due to the idyllic profiles the offshore jurisdictions such as Bermuda as tax havens, and is also a French term for a tax haven – paradis fiscal.  It contains 1,400 GB of data and 13.4 million of documents.  The leak came from legal service provider Appleby, corporate service provider Estera and Asiaciti Trust.  German newspaper Süddeutsche Zeitung, obtained the original data and documents.  The International Consortium of Investigative Journalists are currently working on the project to uncover more insights.

Leaks since 2010:

  • Panama Papers in 2016
  • Bahamas leaks in 2016
  • Swiss leaks in 2015
  • Luxembourg leaks in 2014
  • Offshore leaks in 2013
  • Wikileaks or “cablegate” in 2010.

Source: BBC, The Guardian, Business Insider, ICIJ

 

Video:

 

Video:

 

Video:

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

ANZ & NAB Bank to Pay $100 Million to Settle Reference Rate Rigging Case

ANZ & NAB Bank to Pay $100 Million to Settle Reference Rate Rigging Case

Australia & New Zealand Bank Group (ANZ) and National Australia Bank (NAB) will pay a combined $100 million ($50m each) for market manipulation – rigging of Australia’s Bank Bill Swap Reference Rate (BBSW) between 2010 and 2012.  The BBSW is a key benchmark interest rate in the Australia economy.

“ANZ, NAB Bank Agree to Pay $100 Million to Settle Swap Rate-Rigging Case”

ANZ was accused of 44 breaches while NAB was accused of 50 breaches.  The $100 million settlement was reached and approved by the Australian court.  The case was brought by the Australian Securities and Investments Commission (ASIC).

Source: Bloomberg, ABC

 

Video:

 

 

About ANZ

Our history dates back over 180 years. We are committed to building lasting partnerships with our customers, shareholders and communities in 34 countries in Australia, New Zealand, throughout Asia and the Pacific, and in the Middle East, Europe and America. We provide a range of banking and financial products and services to over 9 million customers. We employ over 50,000 people worldwide.

Visit: ANZ

 

About National Australia Bank

National Australia Bank Group (the Group) is a financial services organisation with over 12,700,000 customers and 42,000 people, operating more than 1,700 stores and business banking centres globally.  Our major financial services franchises in Australia are complemented by businesses in New Zealand, Asia, and the United Kingdom. Each of our brands is uniquely positioned, but built on a common commitment to provide our customers with quality products and services, fair fees and charges, and relationships built on the principles of help, guidance and advice.

Visit: National Australia Bank 

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency