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.
Albany Bank and Trust Company
Founded in 1953, Albany Bank has grown steadily into one of the top rated banks in the United States. The bank's strong financial condition provides an additional measure of security to our depositors and also allows the bank to focus on its most important mission: serving the diverse financial needs of our customers. To meet those needs, we offer an extremely wide array of financial services. Those services can be delivered by phone, fax, computer, mail or at one of our four full service locations. Perhaps most important, those services are delivered by well-trained professionals who share the common goal of providing value to each of our customers. Over fifty years of experience have taught us that the more successful our customers are, the more successful the bank becomes. We make it our business to help you achieve your financial goals.
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.
