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NEWS

Low Libor Rates Cause A Terrifying Financial Crisis

12.06.2014

“Libor” is an acronym that stands for “London Interbank Offered Rate”, that is derived from the rates that major banks charge each other for loans. As the world’s most important benchmark interest rate, the Libor is used as a reference rate for hundreds of trillion dollars worth of commercial and consumer loans, derivatives, and other financial products across the globe. ...

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MMM Global team starts Webcasting promotional and educational webinars

11.06.2014

This week MMM Global team starts Webcasting promotional and educational webinars, for the purpose of a more detailed explanation of our global movement goals and objectives, as well sharing with the most productive practices in attracting new members. The most experienced and successful leaders of the system from different countries will share their experiences, talk about the most simple and ...

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Global Wealth: Asia-Pacific Region Overtakes Western Europe

11.06.2014

According to a new report by The Boston Consulting Group (BCG) “Riding a Wave of Growth: Global Wealth 2014”, global private financial wealth grew by 14.6% in 2013 to reach a total of $152.0 trillion. The rise was stronger than in 2012, when global wealth grew by 8.7%. The key drivers, for the second consecutive year, were the performance of ...

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Indian Government Targets $2 Trillion in Evaded Taxes

10.06.2014

India’s new Prime Minister Narendra Modi makes a priority to recover billions of dollars stashed overseas to avoid taxes. Within 24 hours of his May 26 inauguration, Narendra Modi has created a Special Investigative Team, composed of former judges and current regulators, to find and recover assets worth as much as $2 trillion that are hidden overseas to avoid taxes. India ...

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US Seeks to Fine French BNP Paribas $10 billion

08.06.2014

United States bank regulators are descending deep into the plumbing of the financial system as they seek the most fitting punishment for the giant French bank now in the cross hairs of the law enforcement authorities. The US is seeking more than $10 billion to resolve a criminal probe into allegations that the French bank evaded US sanctions against Iran, Sudan ...

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