Royal Bank of Scotland releases trading update
The Royal Bank of Scotland Group has said that its performance in the first half of the year was satisfactory and that the bank is on track for profit growth that replicates the one last year.
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Wed, 08 Jun 2005 16:40 GMT |
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MBNA preparing a fresh bid of £900m for Egg
MBNA, the US credit card giant, is reportedly preparing a bid of almost £900m for Egg, the Internet bank, which is currently owned by the Prudential, the British insurer. This bid is way below the £1.6bn that Prudential tried to get bidders to pay last year before canceling the auction when bidders failed to put up the cash.
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Mon, 06 Jun 2005 19:30 GMT |
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HSBC workers threaten more strikes.
Industrial action hit the HSBC bank as thousands of its workers went on a one-day strike in a dispute over pay. Amicus claimed that the walkout was a success and had closed branches of the bank across the UK.
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Sat, 28 May 2005 04:40 GMT |
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Bristol and West returns to building fold
The Bank of Ireland has sold its Bristol and West branch network and deposit business to Britannia Building Society on Tuesday in a deal worth £150 million. This is the first re-mutualisation of a former building society.
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Thu, 26 May 2005 17:55 GMT |
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Strike on at HSBC after talks fall through.
Talks to resolve the pay dispute at HSBC have fallen through and bank employees will go out on strike this Friday. This strike will be the first one in the banking sector in more than eight years.
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Tue, 24 May 2005 10:25 GMT |
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New EU Legislation to allow banking and finance in all member countries
A new legislation could make it easier for you to withdraw cash from anywhere in the EU. The European commission is mulling over plans to enable customers to open bank accounts in other EU countries. This legislation will entitle you to open savings plans, mortgages, insurance and pension accounts in the EU country of your choice.
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Sat, 07 May 2005 20:00 GMT |
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Monetary Authority hires HSBC again as settlement institution
The Hongkong & Shanghai Banking Corporation (HSBC) has yet again been selected by the Hong Kong Monetary Authority for a period of five years to serve as its settlement institution for the US dollar clearing system.
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Wed, 27 Apr 2005 00:00 GMT |
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Barclays-Absa deal stalled over price standoff
Barclays may not be able to strike a deal with a South African bank, Absa, with its £2.6bn (31.4bn rand) offer for a huge 60 per cent stake in it. That is because shareholders in Absa seem to want more.
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Tue, 26 Apr 2005 00:00 GMT |
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Islamic Banking shows growing global trends
In a growing trend UK, Canada, and Kenya to accept licenses for Islamic Banking practices. The UK regulator the Financial Services Authority (FSA) started the trend by authorizing the Islamic Bank of Britain in August 2004. The Central Bank of Kenya and the Central Bank of Canada have visited the FSA to adopt the UK model for enabling investors to start Islamic banking practices in their own countries. The Islamic Bank of Britain has started a sister bank the European Islamic Investment Bank (EIIIB), along with the Bahrain-based Islamic Joint Venture Partnerships (IJVP) BSC and has approached the FSA for a license. EIIB incorporated in Jan11, 2005 to become Europe’s first Islamic investment bank.
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Tue, 26 Apr 2005 00:00 GMT |
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