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WHATS NEW AT BI.C?

BankINTRO.com Web Site

Fall / Winter 2011
The most popular bank inquiry on this BankIntroductions.com web site is how to set up a bank account in the United States. The United States remains one of the most popular global banking destinations due to a history of relative currency and banking stability backed by the world’s most impressive and dynamic economy. Please email us anytime for our cost effective bank recommendations consulting services for USA banking.

Spring 2010
Take the time to express an opinion yourself on our blog focused on a discussion of world currencies and politics. Our blog can be reached at the following link:

http://bankintroductions.blogspot.com/

Keep up to date on world currency opinions and world politics and we welcome your participation.

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.

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.

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!

Recent Global Banking Headlines:

November 2011 The United Kingdom government announces the sale of nationalized lender Northern Rock to Virgin Money in a transaction valued upwards of $1.2 billion USD. The British taxpayer will face a loss in the range of $400 million USD.

November 2011 European bank soundness: Italian bond now yields over 7% which reflects uncertainty in the fiscal management of the country. Currently, France as well is noticing rising yields as the European sovereign debt crisis is expanding from the troubles of Ireland, Greece, Spain and Portugal.

Fall 2011 – The Financial Stability Board published a list of 29 of the most systematically important global banks in the world (excluding central banks), the top 10 banks as follows: Bank of America Corp, Bank of China Ltd., Bank of New York Mellon Corp, Groupe Banque Populaire, Barclays PLC, BNP Paribas SA, Citigroup Inc. Commerzbank AG, Credit Suisse Group AG, Deutsche Bank AG.

BI.C CURRENCY INDEX - RECENT UPDATES

Costa Rica - November 21, 2011
Bahamas - November 16, 2011
Israel - October 24, 2011
Comoros - June 7, 2011
Vietnam - March 28, 2011

RECENT CURRENCY CRASHES

Switzerland – August to October 2011 The Swiss authorities stepped into the currency markets by pledging unlimited currency purchases to purposely weaken the Swiss franc currency valuation. The authorities also set a minimum exchange rate target of 1.20 Swiss francs (CHF) to 1 Eurloand euro (EUR). Rate valuation comparisons have the Swiss franc at 1.15614 CHF to buy 1 USD on May 19, 2010; August 10, 2011 at 0.72986 to 1 USD and by September 6, 2011 at 0.85942 CHF. After a spectacular currency rise of hot money flowing into Switzerland from year 2010, the CHF peaked and corrected significantly but still above its May 2010 valuation. Swiss domestic interest rates might be super low, but the volatile CHF can provide for spectacular trading profits if one time it correctly.

India – November 2011 The Indian rupee had a recent record closing low on Nov 25, 2011 at 52.22 INR to the USD; its worst month in 14 years November 2011 reflecting slowing consumer domestic demand within India. For comparison, the rupee a few months earlier closed at 44.05 INR to the USD on July 28, 2011.

CURRENCY WATCH – significantly overvalued as suggested by purchasing power parity as of December 2011 .

Japan Yen
Switzerland franc
Denmark krone
Australia dollar
Norway krone

CURRENCY NEWS

Japan – October 2011
The Japanese yen is at a 15 year high to the US dollar (USD) hitting a valuation of 75.965 JPY to the USD on October 25, 2011. Then on October 31, 2011, the Japanese authorities intervened in the currency markets thereby depreciating the yen by upwards of 5 percent to a valuation from 75.32 JPY (post World War II high valuation in relation to the USD) to a lower value of 79 JPY to the USD during one trading day.

BankINTRO.com trend forecast for 2012:

United States dollar (USD) – likely to appreciate
Eurozone euro (EUR) – likely to decline in value
Australian dollar (AUD) – likely to decline
Canadian dollar (CAD) - likely to decline
Chinese yuan (CNY) – likely to appreciate
Japanese yen (JPY) – likely to decline
Swiss franc (CHF) – likely to decline
Russian ruble (RUB) – likely to appreciate