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cost of International Financial Centre of the Americas |
Offshore banking in Latin America is one of the winners from the global banking downturn, with Panama taking most of the spoils according to a report by Alternative Latin Investor.
As a result of collapsing US banks and a weakening dollar, US investors are looking for alternative places to keep their money. In addition, Latin America’s high-net-worth individuals have done relatively well compared with rich people in other regions. According to a Capgemini analysis, between 2007 and 2008 Latin America’s high-net-worth population fell by just 0.7%, compared...
