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.
APS Bank Ltd.
APS Bank Limited is a limited liability company which is wholly owned by the Catholic Church in Malta. It is duly registered with the Malta Registrar of Companies and is licensed and regulated by the Malta Financial Services Authority. The Bank's major raison d'etre is mainly that of creating a balance between reaching profitable objectives and actively participating and supporting initiatives aimed at enhancing or generally alleviating human welfare.
Albeit APS Bank is not physically present outside the islands of Malta, over the last couple of years, the Bank has managed to forge a few strategic alliances with some high profile financial institutions. Furthermore, APS Bank has been successful in being admitted as a full member of FEBEA, an association based in Brussels governed by Belgian law. The primary objective of this association is to exchange and share experiences as well as create common tools to encourage the development of financial solidarity in Europe.
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.
