Halifax plans web, telephone banking

Article Abstract:

Halifax PLC is planning to make investments worth 100 million pound sterling (154.2 million euros) in Internet and telephone banking. The announcement of the plans increased the company's share value by 3%. However, analysts are unsure as to whether or not the investment will be sufficient to fend off increasing competition. Halifax will have new products such as banking, consumer lending, and protection and investment products with the investment.

Capital expenditures, Finance, Abstract

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U.K. Probe Finds Banking Monopoly

Article Abstract:

The United Kingdom's Competition Commission has reported that a monopoly exists within the banking sector for financial services provided to small- and medium-sized businesses. The government agency has cited the operations of many banks, including the Royal Bank of Scotland PLC, National Australia Bank Ltd., Abbey National PLC, Barclays PLC and Lloyds TSB Group PLC.

Government domestic functions, Laws, regulations and rules, Antitrust law, Abbey National PLC, Lloyds TSB Group PLC, Royal Bank of Scotland PLC, Barclays PLC, United Kingdom. Competition Commission, National Australia Bank Ltd.

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Halifax's union could increase sales, cost savings

Article Abstract:

Bank of Scotland PLC's merger with Halifax PLC could bring about 500 million pounds (803.6 million euros) in benefits annually in higher sales and cost savings.

Acquisitions & mergers, Mortgage bankers and correspondents, Mergers, acquisitions and divestments, Bank of Scotland

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