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.
Arvest Bank Group
Arvest Bank is a bank and brokerage with branches in Arkansas, Kansas, Oklahoma, and Missouri. Arvest Bank's Chairman of the Board is Jim Walton, son of Sam Walton, founder of Wal-Mart. Since the home office and charter of McIlroy Bank & Trust in Fayetteville (founded in 1871), acquired by Arvest in 1986, have become Arvest's own official home office and charter, Arvest has reasonable claim to being the oldest bank in Arkansas.
However, since Arvest still asserts separate identities for its banking operations in each community (despite its consolidated charter), it only makes that claim in Fayetteville. Arvest itself traces its beginnings to an acquisition of The Bank of Bentonville, in Walton's hometown of Bentonville, Arkansas, in 1961. Through its various acquisitions over the years, and as a result of buyouts of other Arkansas banks, Arvest has grown to its current position as the largest Arkansas-based bank in terms of market share.
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.
