Merita vaults to the lead in the on-line banking race
Article Abstract:
Merita Bank of Helsinki, Finland, has the highest percentage of on-line banking clients than of any other bank in Europe. Roughly 27% , or 420,000, of Merita's active client base transact business through the Internet. The bank acknowledges the benefits of on-line banking which has become an integral part of its marketing and service strategy as well as part of its identity. Electronic banking reduces operating costs because of less personnel requirement and allows better customer retention through the added convenience and faster service it provides. Transacting business on-line is a big attraction to clients of other banks that do not offer the services, according to Merita's on-line banking chief Bo Harald.
Comment:
Has the highest percentage of on-line banking clients than of any other bank in Europe
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Russian bank appears close to failure
Article Abstract:
Tokobank's proposed revival sent shivers through Russia's banking sector as it could worsen the financial industry's woes. The bank, which went through bankruptcy, could be liquidated under the plan. Analysts averred that Western lenders, who have around $340 million exposure in Tokobank, may become losers and even lose their trust in the sector. The bank's resurrection became apparent after the Bank of Moscow reversed a decision to buy a majority interest in Tokobank for around $150 million. Bank of Moscow said Tokobank would need nearly $500 million so it could return to business.
Comment:
Its proposed revival sent shivers through Russia's banking sector as it could worsen the financial industry's woes
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Deutsche Bank faces review of foreign ties
Article Abstract:
Deutsche Bank is being investigated by investigators in Germany for allegedly helping clients to avoid paying taxes. The investigators said that their case in supported by the knowledge that bank officials had authority over private banking operations in Luxembourg and Switzerland. The investigators are reportedly said that high-ranking Deutsche Bank officials are being focused on due to their oversight duties.
Comment:
Investigated by investigators in Germany for allegedly helping clients to avoid paying taxes
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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