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 Moscow
Joint stock commercial bank - Bank of Moscow (open joint stock company) is one of the leading Russian financial institutions, which offers its customers a full range of banking services. The Bank of Moscow was established in 1995 at the initiative of the Government of the City of Moscow as an open joint-stock company. The Moscow Government and its related entities own a 59,37% share in the bank's equity. Since December 2004 the bank's shares are traded on the Moscow Interbank Currency Exchange (MICEX).
As on May 1, 2007 the Bank's assets amounted to RUB 411.49 bn (equiv. of USD 16.02 bn), shareholders' equity stood at RUB 46.90 bn (equiv. of USD 1.83 bn). The capital adequacy ratio was 13.3% (According to the Russian Accounting Standards). The Bank of Moscow ranks forth largest among the Russian banks in terms of assests.
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.
