What does Fob stand for?

Bulgaria to deposit portion of fiscal reserve with banks - report About one billion leva, or 12 per cent of the fiscal reserve, would be deposited with Bulgarian units of foreign-owned banks, Finance Minister Simeon Dyankov told Financial Times.

The lender said it notes that most of its competitors - especially foreign-owned banks - now demand an LTV of around 80pc, pricing many customers out of the market.

Participating banks may include FDIC-insured banks of all sizes, although it is uncertain to what degree foreign-owned banks will be eligible to participate.

Chavez is nationalizing one foreign-owned bank and last year threatened to take over the whole sector.

Five foreign-owned banks later added to the scheme included Ulster Bank, First Active, Halifax Bank of Scotland, IIB Bank and Postbank.

Earlier today, the chancellor, Alistair Darling, announced that the Icelandic government had decided not to honour its obligation to savers in the UK went on Radio 4's Moneybox to say there was nothing for British savers to be worried about Brown, has promised legal action against the Icelandic government to get the money back, and Darling said this morning that he will guarantee all UK savers' money in IceSave necessarily do that for all other savers who have money with foreign-owned banks.

However, Pedro Solbes would not copy the Irish policy of guaranteeing deposits in Irish and not foreign-owned banks, said Madrid sources.

Based on leadership theory and our analysis of the specificity of the banking sector in that country, we proposed three hypotheses: managers of foreign-owned bank institutions are more likely to use transformational leadership style; managers of Bulgarian-owned bank institutions are more likely to use transactional leadership style; and managers of bank institutions with mixed-ownership are more likely to use both transformational and transactional leadership styles.