You can now sip on your coffee and eat something sweet while doing your banking. Citizens Bank has opened its first branch inside a Dunkin' Donuts restaurant.
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Americans with money stashed away in secret numbered Swiss bank accounts, away from the tax man’s prying eyes, may be in for a rude awakening after Oct. 15: Uncle Sam may be on to them.
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In a move to strenghten its Asian presence and emerging markets HSBC decided to relocated its CEO to Hong Kong. This is in line with the group's earlier strategy to expand in Asian and emerging markets. HSBC says the Holdings will remain domiciled in the UK.
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The current financial crisis may reduce economic freedom as governments are likely increase intervention in a bid to protect their own economies – according to a study in Pacific Focus published by Wiley–Blackwell.
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The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases financed by the issuance of central bank reserves and to increase its size by £50 billion to a total of £125 billion.
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Citi and Bank of America are not happy with the results of the government-mandated stress tests, which will force them to raise significant amounts of new capital.
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Switzerland's federal government in the following release writings that the bank secrecy remains intact for the resident foreigners and Switzerland has no intention of relinquishing notorious Swiss bank secrecy.
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U.S. stock prices rose on many of the world's markets Tuesday after a report that troubled Citigroup posted its best financial performance in more than a year in the first two months of 2009.
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In mid-December, Bank of America struck a deal behind closed doors with top U.S. financial officials: BofA could count on all the help it needed to cover the losses at Merrill Lynch, whatever they turned out to be. The important thing was for the deal to go through.
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There could soon be changes to the $700 billion bailout of the troubled U.S. financial system.
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IAS360 House Price Index shows bright spots at the individual county level with 75 of the 360 counties showing month to month improvement in September
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