According to the BIS, “The choice of Switzerland for the seat of the BIS was a compromise by those countries that established the BIS: Belgium, France, Germany, Italy, Japan, the United Kingdom and the United States. When consensus could not be reached on locating the Bank in London, Brussels or Amsterdam, the choice fell on Switzerland. An independent, neutral country, Switzerland offered the BIS less exposure to undue influence from any of the major powers. Within Switzerland, Basel was chosen largely because of its location, with excellent railway connections in all directions, especially important at a time when most international travel was by train.”
All posts by deenazaidi
Britain’s ‘QUIET’ Fallout!
Posted on Author deenazaidiPosted in Banking Scandals, Europe, Financial Crises timeline, World EconomyLeave a Reply
According to PwC’s report, UK will see a slip in its GDP’s ranking to 11th position in the world’s rankings. US, Japan, Germany, France and Italy has also been pushed down the league table but only UK and Italy lost out on the top ten slot. The same reports also predicted that China will soon overtake United States as the world’s largest economy in 2017. UK at present faces many issues that are being addressed but are they quick enough to make instant changes in the nation’s economy?
Recurring Deposit: Small and steady way to save and remain invested!
Recurring Deposits (RD) are a great way to deposit bit by bit and yield a high amount on maturity. A very popular tool for those who cannot use the entire savings but a few thousands in order to get a high amount back on maturity. The interest charged on these deposits is similar to the…
A quick thought on Mutual Funds!
Before investing any one would want to know how mutual funds work. Now, if you ask this from a finance professional, mostly, you’ll get answers that raise even more doubts because the clarifications are full of financial jargon In simple words, you will be more confused than before.