News Tag: Cahoot
March 23, 2009
Internet-bank Cahoot has launched a new two year fixed-rate bond paying interest at 4.01% gross/AER.
Customers must deposit at least £30,000 into the bond, whilst the maximum investment is £2 million.
The rate almost matches ICICI's market leading offer of 4.18% interest, and is significantly higher than the average instant access savings rate of 0.63%.
Matthew Timms, managing director of Santander-owned Cahoot, said: "The new ...
Cahoot launches 4.01% fixed-rate bond
by David Masters
February 16, 2009
Spending cut-backs because of the credit crunch are helping Brits reduce their carbon footprint, new research from internet bank cahoot has revealed.
In a survey by the online arm of Abbey, 72% said they are trying to reduce their energy bills by turning off electrical items such as PCs, DVD players and TVs when not in use.
Sixty percent said they have switched ...
Credit crunched Brits reduce carbon footprint
by David Masters
October 17, 2008
French bank Caisse d'Epargne has owned up to losing €600 million (£466 million) in a ‘market incident’.
The bank, which is in the process of merging with Banque Populaire, said the extreme volatility in the markets meant that it experienced a significant market incident in share derivatives that led to the loss.
However, the bank said that the losses would not ...
French bank reports trading loss of €600 million
by Kay Murchie
