Hi dave,There are different accounts when you open the saving account - there is one for trading and a 6% booster account. Each has an IBAN and BIC listed - I tried to transfer directly to the 6% booster - there is no clear documentation that I could see that explains this. anyway that is the problem the account I referenced was the 6% percent booster.
Trying to open an a/c at the moment. Just trying to read the T&C and I have no idea what this is all about. Can anyone explain ? What is the PLEDGE?
SIEMANS withdrew over half a billion euro from two large French banks and transferred it to the ECB in a move indicating increasing nervousness surrounding the European banking system.
The German company now has between €4bn and €6bn held at the central banks facilities, the Financial Times has reported.
The company is said to have withdrawn the funds partly out of concerns about the banking system and partly because they are attracted to the higher interest rates at the ECB.
France's two largest banks, Credit Agricole and Societe Generale, last week had their long-term credit ratings cut by Moody's due to risks increasing on their holdings of Greek sovereign debt.