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1Vote!

Friends Provident moves closer to selling F&C stake

FRIENDS PROVIDENT is understood to be in talks with Dutch financial services group Rabobank about the sale of its 52 per cent stake in fund manager F&C Asset Management.

+Vote!

Two pianos better than one, as Community Concert season takes a bow

It has taken a year to put together, but the Bakersfield Community Concert Association is at last ready to begin its 2008-09 concert season at 7:30 p.m. Wednesday at Rabobank Theater. The all-volunteer Bakersfield Community Concert Association began in 1920 as the Kern County Musical Association, and for almost 90 years has been presenting a variety of soloists and ensembles from around the...

+Vote!

Global crisis pushes MFs in a tight spot

... The surprising element here is that Canara Robeco,, a joint venture between Canara Mutual Fund and Rabobank, has more than doubled its AUM and market share in the past six months. It now has around Rs 6,006 crore under management.

+Vote!

Green finance

... and offset them with a green project. Similar initiatives run by Barclays, Co-operative Bank and Rabobank promote responsible purchases or try to neutralize the environmental damage of products. With detailed information on a customer’s spending, financial institutions are in a unique position to evaluate an individual’s environmental impact. Knowing that someone has a mortgage for a 5000...

+Vote!

BluePhoenix Completes Sale of Mainsoft Subsidiary

... Companies Agency, Desjardins, Los Angeles County Employees Retirement Association, Merrill Lynch, Rabobank, Rural Servicios Informaticos, SDC Udvikling, TEMENOS, Toyota and Volvofinans. BluePhoenix has 15 offices in the USA, UK, Denmark, Germany, Italy, France, The Netherlands, Romania, Russia, Cyprus, South Korea, Australia, and Israel. About Catalyst Catalyst Funds are Israeli-based...

+Vote!

Banking on a truly European approach?

... but the reality in Europe is very much the opposite. Allard Bruinshoofd, a senior economist with Rabobank Nederland, stresses that the danger doesn't lie so much in weak banks, because most European financial institutions are - according to him - quite sound. The real risk, he warns, comes when a bank's shareholders, depositors and savers loose confidence in the organization, thus triggering...

+Vote!

Bakersfield Symphony begins a season of masterpieces with Tchaikovsky

What is arguably the most famous piano concerto ever written is the centerpiece of the Bakersfield Symphony Orchestra's first concert of the season at 8 p.m. Saturday at the theater at Rabobank Convention Center.

+Vote!

Ireland Raises Europe's Hackles

... banks that currently operate in Ireland, including the Royal Bank of Scotland (nyse: - - ), HBOS, Rabobank and Danksa. "This massively skews the competitive landscape in Ireland," said Collins Stewart analyst Alex Potter. A spokeswoman for Ulster Bank, the Royal Bank of Scotland's Irish division, confirmed that it had made an application to be included in the scheme and was "confident" that...

+Vote!

Best Bets for the weekend: Downtown drinkin', haunted happenings and the tempting Temps

... 8 p.m.; concert preview with Jerome Kleinsasser, CSUB music professor, 7 p.m., the theater at Rabobank Convention Center, 1001 Truxtun Ave. $32 to $48. 323-7928 or bakersfieldsymphony.org.Disney on Ice: 100 Years of Magic, 11:30 a.m., 3:30 and 7:30 p.m. Saturday, 1:30 and 5:30 p.m. Sunday, Rabobank Arena, 1001 Truxtun Ave. $16 to $40. ticketmaster.com or call 322-2525.“Oklahoma,”...

+Vote!

Competitive guarantees

... the Irish taxpayer. But foreign banks operating in Ireland, including Ulster Bank (owned by RBS), Rabobank (Dutch), and Postbank (part owned by, er, Fortis) are not covered. Any wholesale lender to these banks now has a strong incentive to switch to one of the six Irish HQ’d banks to get the guarantee. And it’s still not clear whether the liabilities of UK subsidiaries of Irish banks are...

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Which banks are covered by the guarantee?

... are: National Irish Bank, which is owned by Danish bank Danske ACC, which is owned by Dutch bank Rabobank Ulster Bank and First Active, which are owned by Royal Bank of Scotland Bank of Scotland (Ireland) and Halifax, which are owned by Lloyds TSB/HBOS IIB Bank, which is owned by Belgian bank KBC Credit Unions Postbank, which is jointly owned by An Post and Belgian-Dutch bank Fortis

3Vote!

Irish government throws pebble into the stream

... Times reminds us. “The measure does not extend to deposits or debts in National Irish Nank, ACC, Rabobank or Ulster Bank which are subsidiaries of large international banks.” For instance, Ulster Bank is owned by the giant Royal Bank of Scotland and National, the Northern Bank in NI is owned by Danske Bank which has netted out of Lehman's at a cost of a mere $100 million and appears in no...

1Vote!

How much of this is a US bailout for a European problem?

... Barclays 94% Lloyds/ HBOS (est) 78% Belgium Fortis 254% Dexia 173% KBC 102% Netherlands ING 289% Rabobank 121% Germany Deutsche Bank 86% Austria Erste Bank 85% Italy Unicredit 80% Cyprus Bank of Cyprus 253% Switzerland UBS 484% Credit Suisse 290% My additions - North America Canada BMO 31% RBC 53% TD 42% Scotia 39% US BofA 13% JP Morgan 14% Citi 16% Microsoft 0.3% The matter of funding and...

+Vote!

Financial crisis London shares fall pound hit

... for a ride and want to retain a degree of control," Jan Lambregts, head of research for Asia at Rabobank Global Financial Markets, told Dow Jones Newswires. "The risk of a staggered or phased approach is that the punch is weakened too much and the crisis allowed to linger." Investors were also unsettled by signs of widening problems in the European financial sector, with the nationalisation...

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Financial crisis Asian shares drop on fears US rescue won't be enough

... a ride and want to retain a degree of control," said Jan Lambregts, head of research for Asia at Rabobank Global Financial Markets. "The risk of a staggered or phased approach is that the punch is weakened too much and the crisis allowed to linger." Oil prices fell, with Brent Crude down $1.12 at $102.42, as traders took the view that a global slowdown would cut demand. The US bail-out plan,...