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The cheapest credit cards in England /12.07.2007/ Although most credit cards provide you with an interest-free period of between 45 and 59 days, this applies only if you pay off your entire balance in full each month. Thus, if you spend on a credit card and don't clear your balance every month, then your card issuer will charge interest on your outstanding debt.
Vodafone offers free mobile banking /11.07.2007/ Mobile operator Vodafone has announced that its UK customers will now be able to access their finances free of charge via the Vodafone internet on their handset, over the MoniLink mobile banking network.
Europe, US under the gun over IMF, World Bank /10.07.2007/ Europe wants a European as the next chief of the International Monetary Fund but its claim on the post is increasingly questioned, threatening the legitimacy of the international economic agency as a consequence.
Price boom draws more banks into energy /06.07.2007/ High oil prices and booming commodity markets have started a new goldrush into the sector that will see more banks chartering tankers and renting oil storage facilities.
IBM lands $354m Italian bank deal /04.07.2007/ IBM has announced a large deal with Italian bank Gruppo Monte Paschi Siena worth 260m euros ($354m) over six years.
The Russian banking market is the largest and one of the most dynamic in emerging Europe, having achieved annual growth of more than 40% in aggregate net profit over the past five years.
The sector is still highly fragmented, with 1 350 institutions, including 50 foreign-owned banks. The market is dominated by three state-owned banks (Sberbank, Vneshtorgbank and Gazprombank) that control over 50% of the market.
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