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Roger Munns's Articles in Banking

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US Banks Hit Euro Tax Havens Despite banks in the US cutting interest rates to stave off a recession, confidence levels are low and are being felt as far away as the tax havens in Europe. Credit Squeeze Reaches Tax Havens Financial markets worldwide are rocking and mortgage companies in the US and Europe are tightening up who they lend to. The credit squeeze is even impacting on steady tax havens like Andorra. City Of London Banks Splutter Could Give Andorra A Cold A crisis in the British banking system seems to have been headed off for the moment at least. But with nervous markets and big city bonuses in the balance, any downturn in the City of London's bank fortunes could adversely affect the tax havens of Andorra and Monaco.