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BoS rubbishes RBS

The Bank of Scotland has tried to pour cold water on the Royal Bank of Scotland&#39s £25bn bid for NatWest.

Bos Scotland has put slightly less money on the table for the beleaguered banking group but the offer could be a better deal if a proposed special dividend is included.

BoS says it has better management and a stronger growth record and predicts it could reduct operating costs of NatWest by 26 per cent compared to RBS&#39s 13 per cent.


Axa turning Japanese

Axa is snapping up Japanese life insurer Nippon Dantai in a £2bn deal. The French insurer, which owns Sun Life in the UK, will call the new company Axa Nichidan Insurance. It is the first Japanese acquisition by Axa.

Legal & General Bank – Easy Access Tracker Account (inserted 29/11/99)

Easy Access Tracker AccountType: Tracker account with interest rates linked to movements in London Inter Bank Offered Rate. Rates will be set at quarterly intervals until February 27, 2001 and 3 month LIBOR minus 0.5% thereafter. Monthly income option available on balances of £5,000 and above.Minimum-maximum investment: £1-£1m.Interest rates: 6.26% gross.Term: None.Offer period: None.Withdrawal penalties: […]

DBS profits plunge

DBS pre-tax profits plunged 19 per cent for the six months to September 30 to £3.4m compared to the £4.2m figure for the same period last year.But turnover for the network was up 15 per cent to £89m from £78m.DBS says a key reason its continued success in the market is the development of its […]

Taxman could flex new muscles

The Inland Revenue is set to get new powers that will force banks, accountants and lawyers to hand over papers in serious fraud cases.The new measures are to be included in next year&#39s finance bill.They are expected to reduce the need to enter and search premises for evidence.


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