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.
Bank of East Asia (BEA)
The Bank of East Asia Limited is the largest independent local bank and the third largest bank in Hong Kong. Bank's market capitalization is about HK$19.4 billion (US$2.5 billion). It is listed on the Hong Kong Stock Exchange as BEA. The Bank of East Asia has more than 100 branches to serve its retail customers in Hong Kong, therefore the bank's cost of interest is also competitive.
In 1995, BEA acquired United Chinese Bank, which was fully merged with the bank in 2001. In 2000 it acquired First Pacific Bank. On 20 May 2008, Bank of East Asia became the first foreign bank to issue yuan-denominated debit cards in mainland China, taking advantage of the recent removal of a key restriction on foreign banks' retail business in the country.
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.
The Bank of East Asia Limited is the largest independent local bank and the third largest bank in Hong Kong. Bank's market capitalization is about HK$19.4 billion (US$2.5 billion). It is listed on the Hong Kong Stock Exchange as BEA. The Bank of East Asia has more than 100 branches to serve its retail customers in Hong Kong, therefore the bank's cost of interest is also competitive. 
