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Clydesdale Bank announces closure of 32 branches
EDINBURGH - Clydesdale Bank has announced that it would be closing an additional 11 full-time branches and 21 part-time branches over the next 120 days. This decision is a continuation of the Bank's commitment to decrease its High Street presence from 217 to 153 branches.
Posted on : Thu, 03 Nov 2005 20:20 GMT

Credit Suisse Q3 earnings surpass expectations
Credit Suisse surpassed market expectations posting a 42 per cent rise in net profit in the third-quarter on Wednesday as income from its managing money and investment banking increased.
Posted on : Wed, 02 Nov 2005 16:15 GMT

Prudential says will hold on to Egg
LONDON - Leading British life insurer, Prudential, has today categorically stated that it intends to hold on to its majority stake in the online bank Egg even as the latter announced an increase in nine-month profits.
Posted on : Thu, 27 Oct 2005 06:45 GMT

J.C. Flowers opt out of bid for Refco arm
As many as six groups are in the field to buy the bankrupt Refco Inc.'s futures trading arm and the expected intense bidding process has given a new hope to the hundreds of the company's debtholders, who now see some increase in its bond prices.
Posted on : Wed, 26 Oct 2005 09:25 GMT

Lloyds TSB shells out ‘tiny gadget’ trial
In its bid to make internet banking into an almost foolproof exercise, leading internet banker, Lloyds TSB has come up with a trial of its security system wherein users will operate tiny little gadgets that will generate one-time passwords for account verification.
Posted on : Tue, 25 Oct 2005 10:35 GMT

Scottish town tops property price list
LONDON - A new report released by the Bank of Scotland shows that one of the worst places to live in Scotland has soaring property prices and has become a property market hotspot.
Posted on : Sun, 23 Oct 2005 12:05 GMT

Barclays in row over jingle with Parry
A high street bank is at loggerheads with an accountancy firm over a slogan, “Now there's a thought”, which the banking leader is using in the launch of its latest advertising campaign.
Posted on : Fri, 21 Oct 2005 10:55 GMT

Large resigns as Deputy Governor at BoE, Gieve to replace him
LONDON - Bank of England Deputy Governor Sir Andrew Large will retire from the central bank in January next year, it was announced here today.
Posted on : Tue, 18 Oct 2005 05:45 GMT

Deutsche Bank signs agreement to revise anti-money laundering policies
WASHINGTON - The Federal Reserve and state regulators have issued orders to the Deutsche Bank Trust Company Americas to take appropriate steps to shore up its anti-money laundering practices.
Posted on : Sat, 15 Oct 2005 14:30 GMT

OECD diminishes all rate cut hopes; slashes economic growth forecasts
Even though growth forecasts for the British economy are falling short of expectations, there doesn’t seem to be any requirement for another interest rate slash, according to a new report by a leading thinktank.
Posted on : Thu, 13 Oct 2005 13:10 GMT

 

 

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