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Banks of England holds current 4.5% interest rate
Hopes of another rate cut by the MPC in the coming months in view of the economic gloom across the country now seem dreary, as the Bank of England is not considering any such interest rate slash in the near future.
Posted on : Thu, 06 Oct 2005 11:25 GMT

Bank of England rejects settlement offer from BCCI’s liquidator
LONDON - The Bank of England revealed on Tuesday that it had rejected a bid to settle the long-standing lawsuit by the collapsed Bank of Credit and Commerce International.
Posted on : Wed, 05 Oct 2005 21:00 GMT

Financial industry still upbeat in ‘difficult’ economic environment
A recent survey disclosed that the financial sector had refused to throw in the towel to the continuing economic gloom in the country, and is standing quite firm.
Posted on : Mon, 03 Oct 2005 19:40 GMT

Cardpoint cashes in on fee charging ATMs
If you thought that the issue of the conversion of free ATM machines into fee-charging ones was a long-forgotten story, well, then this piece of news could serve as a perfect reminder.
Posted on : Thu, 29 Sep 2005 17:05 GMT

Beggar spots cash machine skimmers, alerts police
ABERDEEN, Scotland - A beggar has probably saved the Royal Bank of Scotland in Aberdeen tons of money after he alerted police about a skimmer fitted to a cash machine near the bank.
Posted on : Tue, 27 Sep 2005 17:55 GMT

MPC was unanimous in deciding to hold interest rates steady
LONDON - The Bank of England's monetary policy committee's decision to keep the interest rates unchanged was unanimous, according to the minutes of the meeting released today.
Posted on : Fri, 23 Sep 2005 03:35 GMT

Bank’s offer of a pub meal as a reward invites scorn
ABERDEEN - A taxi boss who turned into a good Samaritan and returned £40,000 that was given to him mistakenly was shocked when bank bosses offered him a reward for his good deed. And the reward? A meal at a nearby pub!
Posted on : Sat, 17 Sep 2005 13:05 GMT

Standard Chartered posts a 20 percent increase in first-half profits
LONDON - The Standard Chartered bank has reported on Monday that it has managed to increase its first-half profits by 20 percent. The bank, which mainly does its business in Asia also announced that its outlook for the rest of the year was very positive, a statement which sent its shares surging by 6 percent.
Posted on : Mon, 08 Aug 2005 18:45 GMT

Lloyds TSB sees bad debts rise, reports 7% increase in pre-tax profits
Lloyds TSB has announced a 7 percent pre-tax profit rise in the first six months of the year. Britain's fifth-biggest banking group said that despite challenging conditions that continue to prevail in the UK markets, it had managed to post substantial profits, which stood at £1.67 billion.
Posted on : Sun, 31 Jul 2005 12:30 GMT

Unicredito set to ride high after marriage with HVB
In the largest ever cross-border banking deal in Europe, the HVB Group of Germany agreed for an £10.4bn ($18.7 bn) takeover by leading Italian bank, Unicredito SpA.
Posted on : Tue, 14 Jun 2005 10:50 GMT

 

 

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