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WHATS NEW AT BI.C?

BankINTRO.com Web Site

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.

Winter 2009
Link to BankIntroductions.com for free. Provide your web site visitors with up to date currency quotes and access to currency snapshot reviews on currencies of the world. Please visit our CONTACT US web page for further details on site linking.

Summer 2009
BankIntroductions.com welcomes the opportunity to provide your organization with up to date currency opinions. Send us an email and let’s discuss currency solutions for your firm.

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.

Credit Suisse - the safety this large Swiss bank provides various sound insurance products for all of your needs. Credit Suisse insurance lab including ‘Annuity Insurance’ products to maintain your standard of living even after you retire with a pension that guarantees a life-long, fixed and regular income.

FOR CANADIAN CITIZENS

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.

FOR U.S. CITIZENS

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:

May 2010 A 1 trillion USD equivalent aid package has been approved by affiliated members of the European Monetary Union which will be provided to support some of the European Union’s weak member states including debt plagued Greece. Germany itself has committed 200 billion USD to the consortium of lenders to help support the euro currency.

May 2010 Large U.S. based banks have been recording healthy QTR 1 2010 profits, a significant turnaround of events compared to 2008-09 and quite possibly have turned the corner with economic recovery taking hold. Citigroup posted a 4.4 billion USD profit while Wells Fargo reported 2.55 billion USD in profit, Bank of America at 3.2 billion USD.

BI.C CURRENCY INDEX - RECENT UPDATES

Cuba - May 17, 2010
Guyana - April 5, 2010
Argentina - March 23, 2010
Papua New Guinea - November 13, 2009
Croatia - October 21, 2009

RECENT CURRENCY CRASHES

Euroland euro – May 2010
The euro has corrected in valuation over the last few weeks as EU member Greece has experienced a debt crisis that is swamping the media headlines. On December 1, 2009, the Euroland euro (EUR) was trading near record high valuations of 1.5099 USD to 1 EUR. As of May 17, 2010, the euro has declined to 1.2299 USD. For reflection, the euro back in February 2002 was trading near record low levels to the USD when it traded at 0.8707 USD to buy 1 EUR. Recent data from purchasing power parity suggests that the euro remains 8 percent overvalued to the USD.

CURRENCY NEWS

Australia – May 2010
The Australian dollar (AUD) has pulled back in valuation from 93.2 US cents on April 30, 2010 closing at 83.26 US cents on May 21, 2010. As measured by purchasing power parity to the USD, the AUD remains a significant 20 percent overvalued to the USD. Commodity currency bulls caveat emptor.

United Kingdom – May 2010
The new British coalition government led by Conservative Prime Minister David Cameron announced that his government pledges that they will not prepare or join the euro common currency during his parliament tenure forecasted for the next 5 years. Conservative party policy is hesitant against joining the euro while Deputy Prime Minister Nicholas Clegg (Liberal Democrat) supports euro membership and he is considered pro-Europe.