ABSTRACT
Geopolitics and geoeconomics challenged organisational operations in new ways, reshaping the practise of management and banking, corporate cultures, and defying economic patriotism and the political aspiration of countries to dispose of their 'national' banking bigwigs. On a more global level, the life of banks and finance institutions cannot but depend on rules, interventions, and financial support. First, by the International Monetary Fund (IMF). Second, by the World Bank Group, on a world scale, or by the European Central Bank (ECB), on a continental level. These organisations legitimise osmosis between banks, and experts of these institutions engage in cooperative actions. Banks are bent to favour the US dollar in their operations and balance sheets because Asian and petrodollars constitute thick layers of worldwide assets. National rules on banking secrecy blocked cooperation for an efficient struggle against tax evasion and moreover against money laundering.
