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Barclays’ offshore banking solutions are often chosen by British expatriates who already have a business relationship with the bank earlier than they leave the UK and who are conscious of the financial institution’s pedigree and reputation. Tax returns and monetary statements for a enterprise mortgage are prone to be a concern for all business borrowers. Whereas residential mortgage financing is prone to contain only private tax returns, most enterprise financing will embody a overview of business tax returns as well. Business financial statements and personal monetary statements shall be required for sure sorts of business opportunity financing and industrial real estate financing. Job of the funding banker provides scope for working with the profitable people across the globe. At the similar time the funding banker can facilitate many mega-transactions. It could assist a company launch new products, or might be sure that a government stays away from bankruptcy.

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China’s Robinhoods are Doing Just Fine, Thanks

In a gold rush, sell shovels. In a U.S. stock-trading mania, be an online broker—a Chinese one, that is.

The day-trading craze fueled by platforms such as Robinhood reached a climax last month as individual investors pushed stocks like GameStop through the stratosphere. Investing in closely held Robinhood is tough, but investors have jumped into Chinese online brokers, which have also been riding the frenzy.

Shares of Nasdaq-listed Futu and Up Fintech—the equivalent of Robinhood in China—have both nearly quadrupled this year. These brokers charge low commissions to enable mostly Chinese investors to trade U.S. and Hong Kong stocks.

Futu, backed by Tencent, said this week that daily active users of its app are now above one million. That is a big jump from 580,000 last quarter, according to Morgan Stanley. The new users will bring in higher commissions, but also allow Futu to make more money from margin

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