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Bank of Scotland International has recorded strong financial result during 2006 and has seen operating profits increase to £39.4m from £37.8m in 2005. Financial highlights include: A record year for savings balance growth, with the value of savings deposits increasing by 23%. In particular, Bank of Scotland International's fixed deposit offering has been spectacularly successful, contributing £600m of the £1bn increase in balances.£1bn additional Treasury deposits.The highest year-on-year increase in mortgage volumes, which increased by 56%. This was assisted by a strong sales performance and the distribution partnership ...
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Bank of Scotland International is the international banking division of Bank of Scotland plc, part of Lloyds Banking Group. It is headquartered in Jersey. It also has operations in the Isle of Man and Hong Kong. [1].The Bank offers offshore banking facilities to customers, with accounts available in Pound sterling as well as US dollars and euros.The Bank was formed shortly after the merger of Bank of Scotland and Halifax to form HBOS, and the two bank's international arms were merged. Bank of Scotland Offshore Limited, based in the Isle of Man was merged with Halifax International Limited based in Jers ...
May
17
ABN AMRO Holding N.V
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On 22 September 2008, RFS Holdings B.V., the company incorporated by RBS, Fortis and Santander to acquire ABN AMRO Holding N.V. (“ABN AMRO”), completed the squeeze out of minority shareholders of ABN AMRO. As a result, RFS Holdings B.V. has now become the sole shareholder of ABN AMRO.ABN AMRO Holding N.V. held its final General Meeting of Shareholders on 11 April 2008 at the Head Office of ABN AMRO Bank N.V., Gustav Mahlerlaan 10, 1082 PP Amsterdam, the Netherlands. On this page you can find more information about that meeting and others that have taken place in the pa ...
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LONDON — The Royal Bank of Scotland said on Tuesday that it might cut as many as 9,000 jobs worldwide as the troubled British bank, which is majority-owned by the government, sought to reduce costs and repay government funds.And as expected, the British government increased its stake in the bank to 70 percent on Tuesday from 58 percent after investors shunned a share sale offer that expired Monday, leaving the government to purchase the unsold shares.The job cuts would affect back-office operations and would add to the 2,700 already announced in Britain for this year. The bank said the actual number of layoffs would be lower than 9,000 because “natural turnover” and “less use of agency staff” ...
May
15
Bank of America Corporation
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Shannon Stapleton/Reuters Updated May 6, 2009 Over the last decade, through an aggressive series of acquisitions, Bank of America has transformed itself from a regional institution into the nation's largest brokerage house and consumer banking franchise. But its largest and boldest move -- the September 2008 purchase of Merrill Lynch, when that famed brokerage house was at death's door -- may have been a deal too far. ...
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Credit card issuers have drawn fire for jacking up interest rates on cardholders who aren't behind on payments but whose credit scores have fallen for other reasons. Now, some consumers complain, Bank of America is increasing rates based on no apparent deterioration in their credit scores at all. The major credit card lender in mid-January sent letters notifying some responsible cardholders that it would more than double their rates to as high as 28%, without giving explanations for the increases, according to copies of five letters obtained by BusinessWeek.Fine print at the end of the letter -- headed "Important Amendment to Your Credit Card Agreement" –- advised calling an 800-number for the ...
May
10
Barclays International
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The new office will be opened by its offshore wealth management arm, Barclays International, and will offer UAE investors with US$200,000 or more to invest a comprehensive banking and investment advisory service. The office opening is part of Barclays strategic expansion into key international markets, of which the UAE has been identified as a crucial growth area. It follows Barclays International's expansion into ...
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Wikizines are interactive magazines that anyone can create or edit - and this one is about Paris Barclay. Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? ...
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Money management is a critical point that shows difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year. In spite of the 60% winning odds 95% of traders will lose because of their poor money management. Money management is the most significant part of any trading system. Most of traders don't understand how important it is.It's important to understand the concept of money management and understand the difference between it and trading decisions. Money management represents the amount of money you are going to put on one trade and the risk your going to accept for this ...
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Miva Merchant is among the most prominent ecommerce brands. The company was launched in 1995 as HTMLScript Corporation, and it’s one of the early day shopping cart providers. It rose, and then fell, with the first dotcom boom and bust. In 2005, the company sold to Findwhat.com, a publicly-traded, pioneering online advertising network, which then changed its name to Miva. The new Miva later sold the shopping cart division, called Miva Merchant, to private investors in 2007. Observers of Miva Merchant have long believed that its business model, selling software licenses to hosting companies for as little as $50 apiece, is flawed. The model provided a small, one-time revenue injection, but left ...
May
4
HSBC Direct Review
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HSBC Direct has usually had one of the most competitive interest rates, so I opened an account there. I didn’t open it because I was planning on moving funds from a 2.70% ING Direct account, I did it because the cost of opening an online savings account was near zero and because I could then start funneling income deposited into a 0% Bank of America checking account into the new HSBC Direct account. It doesn’t make much ...