Oct, 22 The price of the oil basket (OPEC) fell to $60 a barrel.
Oct, 17 World oil prices fell below $70 a barrel.
Oct, 6 The capitalization of the world stock exchanges fell by 2.5 trillion dollars.
AbbyBank
Just as the bank was founded to provide Abbotsford with independent, community-based financial services, our decision to open our first branch office was founded on those same principles. The Wausau office of AbbyBank opened for business on August 3, 1998. With the Wausau financial community subject to several mergers and acquisitions, the timing was right to expand our services into that market. As the Wausau metropolitan area continued to expand, so did our bank with the opening of our Weston office on January 16, 2006.
In November, 2003, the bank's official name was changed to AbbyBank from the original name of Abbotsford State Bank. AbbyBank was chosen as a name that would grow with us as we meet the expanding needs of our customers and the communities we serve.
Repartition of the Global Banking System is inevitable - 05.12.2008 The financial crisis continues to storm in the global markets. This time the main victim of crisis is a banking system developed and developing countries. And experts notice, that the global banking system will undergo huge changes by 2012.
US government puts up $300bn in Citigroup rescue - 25.11.2008 The US government pulled Citigroup back from the abyss yesterday with a comprehensive bail-out that saw taxpayers guaranteeing $306bn of risky assets and injecting $20bn of capital into the banking group.
HSBC cuts 450 jobs in Hong Kong - 18.11.2008 HSBC was laying off 500 people in Asia, 90 percent of them in Hong Kong, in a further indication that the Asian financial community, so far relatively unscathed by mass layoffs seen on Wall Street, is being affected by the global financial crisis.
Just as the bank was founded to provide Abbotsford with independent, community-based financial services, our decision to open our first branch office was founded on those same principles. The Wausau office of AbbyBank opened for business on August 3, 1998. With the Wausau financial community subject to several mergers and acquisitions, the timing was right to expand our services into that market. As the Wausau metropolitan area continued to expand, so did our bank with the opening of our Weston office on January 16, 2006.
