Whats new at BI.C!!

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WHATS NEW AT BI.C?

BankINTRO.com Web Site

Spring 2008 BankINTRO.com has updated our banking section for the Middle East and Asia with the addition of Singapore. Further, our United Kingdom banking section is now live with links to first class UK based global banks.

Winter 2007-08 BankINTRO.com is pleased to provide an updated banking review for those interested in Swiss banking for both individual and business customers. Web site visitors can obtain more information on this banking region by clicking the OPEN A BANK ACCOUNT link within this BankINTRO.com web site and thus clicking the SWITZERLAND link/flag.

BI.C WORLDWIDE EYE - PRODUCTS & SERVICES - BANKING
RBC Royal Bank of Canada - Global Private Banking. RBC provides a valuable foreign exchange service for both individuals or corporations who conduct international transactions or wish to hold funds in a number of currencies including the world's major currencies in addition to several minor currencies. For more information, please click RBC FOREIGN EXCHANGE SERVICE.

RBC Royal Bank of Canada - protect yourself from a volatile currency. Consider 'The International Currencies Fund' as offered by RBC, minimum investment of $10,000 USD is required.

Credit Suisse - the safety this large Swiss bank provides various sound insurance products for all of your needs. Credit Suisse insurance lab including ‘Annuity Insurance’ products to maintain your standard of living even after you retire with a pension that guarantees a life-long, fixed and regular income.

Kitco.com - interested in buying and/or selling gold, silver and platinum coins? How about palladium 1 oz bars? Try Kitco.com

DIRECTeBANK.com - a Canadian based online Internet payment and transfer services company.

FOR CANADIAN CITIZENS

GoldMoney.com - a new easy simplified way for Canadian customers to buy GoldGrams by using ‘electronic checks’. The GoldMoney website is now linked into the Canadian banking system.

FOR U.S. CITIZENS

Everbank.com - World Currency Accounts
Everbank is a FDIC insured federal savings bank headquartered in Jacksonville, Florida. Everbank’s National Banking Group is the largest private held branchless banking offering in the United States. Everbank provides several multi-currency accounts to choose from including their new ‘Chinese Renminbi Access Deposit Accounts’ as well as their ‘Asian Advantage CD’ which consists of the New Zealand dollar, Japanese yen, Thai baht and Singapore dollar. BankINTRO.com recommends you research this very unique and intelligent bank with their various WorldCurrency Access TM Deposit Accounts.

eBank.com - Virtual Online Banking
eBank.com based out of Atlanta, Georgia is the new way for banking in this new 21st century knowledge economy by targeting the Internet for its business. The net result is less overhead and preferred interest rates for you the consumer along with less fees!

BANKING NEWS
BankINTRO.com current recommendations for Global Banking and Asset Diversification:

RBC Royal Bank of Canada for Global Private Banking. Please visit the OPEN A BANK ACCOUNT SECTION and click EUROPE – the CHANNEL ISLANDS or the CARIBBEAN section for further details on international banking and offshore financial strategies.

For those individuals and businesses interested in Swiss banking, please visit the updated OPEN A BANK ACCOUNT section and click SWITZERLAND for further details. New ideas and recommendations for diversifying your wealth with Swiss financial institutions include UBS, Credit Suisse, Bank Vontobel AG, Rothschild Bank AG, Julius Baer, EFG International, Mirabaud & Cie, Micheloud & Cie.

Chase based out of New York, New York, USA. Please visit the OPEN A BANK ACCOUNT section and click on UNITED STATES for further details on opening a bank account in America from anywhere in the world for non-nationals. For American nationals, BankINTRO.com recommends Florida based EVERBANK FINANCIAL CORP.

For those interested in establishing themselves in the Caribbean, BankINTRO.com recommends two first class global banks, Scotiabank and FirstCaribbean (FirstCaribbean is the product of the 2002 merger of the Caribbean banking operations of UK based Barclays PLC and Canadian based ‘Canadian Imperial Bank of Commerce’ – CIBC). Please visit the OPEN A BANK ACCOUNT section and click CARIBBEAN for further banking region details.

The Middle East & Asia are now important fast growing asset rich regions. We are now very pleased at BankINTRO.com to recommend Canadian based Scotiabank for various locations throughout Asia for global banking services and RBC Royal Bank of Canada for banking in the Middle East. Please click on the MIDDLE EAST & ASIA within the OPEN A BANK ACCOUNT section for further banking information.

Recent Global Banking Headlines:

June 2008
U.S. based financial conglomerate Citigroup under the leadership of CEO Vikram Pandit announced that the global bank is looking to depart upwards of another 6,500 employees or about 10 percent of its investment banking unit workforce. These job cuts are in addition to the 30,000 employees let go over the last year as Citigroup plans to cut annual costs by 15 billion USD to help return the global bank to profitability. The bank employs around 350,000 worldwide. Citigroup has also announced 15 billion USD in losses over the last two quarters in addition to 46 billion USD in writedowns since summer 2007.

June 2008
A total of four banks in the United States so far in 2008 have failed and been shut down. The most recent insolvency occurred with a tiny bank in Minnesota with only two branches. During year 2007, there were three bank failures in the United States, years 2005-07 recorded a total of only three. However, during years 1988-89 recorded just over 1000 U.S. banks that went bankrupt at the height of the Savings & Loans debacle. Is another wave of U.S. bank failures on the way?

BI.C CURRENCY INDEX - RECENT UPDATES

United Kingdom - April 4, 2008
Uruguay - March 19, 2008
Platinum - March 12, 2008
United States - February 4, 2008
Paraguay - Janaury 11, 2008

RECENT CURRENCY CRASHES

Iceland – April / March 2008
The Icelandic krona (ISK) has fallen sharply so far in year 2008 as the currency traded at 78.713 ISK to 1 USD on March 19, 2008 well down from 61.713 ISK on January 3, 2008. The ISK is also significantly lower to the Euroland euro (EUR). Euro exchange comparisons include July 24, 2007 at 81.932 ISK to 1 EUR, January 3, 2008 at 90.928 ISK and recently closed at 123.116 ISK to1 EUR. Inflation within Iceland is running higher than expected at 6.8 percent for February 2008, this prompted the central bank on March 25, 2008 to surprise the market and raise its key interest rate by 125 basis points to 15 percent. By April 13, 2008, the krona has rebounded slightly to close at 73.365 ISK to the USD and/or 116.15 ISK to the EUR again after another interest rate rise by 50 basis points to 15.5 percent.

United States – April / March 2008
The announcement of Wall Street investment U.S. based investment bank imploding further sent shock waves through America’s financial sector further sending the USD lower. The US-dollar traded at an all time low to the euro on April 10, 2008 at an exchange valuation of 1.5875 USD to 1 EUR. Safe haven currencies, the Swiss franc (CHF) and Japanese yen (JPY) also appreciated tremendously with the yen closing at 95.76 JPY to the USD (March 17, 2008).

South Korea – March 2008
The South Korean won (KRW) is down 8 percent to the falling US-dollar (USD) so far in year 2008, the weakest Asian currency performer. South Korea is a large importer of oil and raw commodities; this is greatly impacting negatively on their current account shortfall creating won depreciation pressures. Further, rising inflation pressures may put further short term pressures on the won. Recent currency quote as of March 19, 2008 has the won at 1010 KRW to the USD level down from 907 KRW level in early November 2007.

CURRENCY NEWS

Slovakia – Late May 2008
The Slovak koruna (SKK) was revalued by 15 percent stronger to the Euroland euro (EUR) in a move to slow inflationary pressures. The koruna is widely expected to adopt the EUR as new national currency in 2009. The EUR currency peg for the koruna is now set at 30.126 SKK to 1 EUR from 35.442 SKK.