Jul. 23–STANCHART INTERNATIONAL DEBIT CARD: Standard Chartered Bank has launched a free international debit card for customers that allows them access to their accounts through 810,000 ATMs aroundthe world. The Visa Electron card is a more flexible alternative to cash, said Visa General Manager Peter Scriven.
NEW MAN FUND OF HEDGE FUNDS: Man Investments has launched Man RMF Diversified, which invests in equity hedged, relative value, event driven, global macro and managed futures investment styles. Man RMF Diversified targets annualised returns of around 10 per cent for annualised volatility of six to seven per cent over the medium term. Its portfolio will contain approximately 15-25 hedge funds in total. For further details, visit www.mangroupplc.com.
CITIBANK SETS UP RIB COLLECTION SERVICE: Citibank is offering to arrange for the collection of the proceeds of Resurgent India Bonds at no charge, provided the bonds are for maturing deposits of more than USD25,000. But the bank warns that the last date for collection is July 26. For more details, visit www.citinri.com.
DIB’S NEW 24-HOUR BRANCH: Dubai Islamic Bank has opened a fully automated 24-hour automatic banking centre at its Bur Dubai branch. DIB plans to roll out seven more walk-in, 24-hour branches in the UAE. This follows the success of its first installation at its Sheikh Zayed Road branch.
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(c) 2003, AME Info, Abu Dhabi, United Arab Emirates. Distributed by Knight Ridder/Tribune Business News.
STAN, C,
