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.
Banco Bilbao Vizcaya Argentaria (BBVA)
Banco Bilbao Vizcaya Argentaria (BBVA) is a multinational Spanish banking group. BBVA is the second largest bank in Spain and 15th largest financial institution in the western world with a market capitalization of over 61 billion euros. The bank has recently focused on overseas expansion, and now operates in 40 countries.
Like many other Spanish companies, it enjoys a dominant position in Spanish-speaking Latin American countries. It also has a presence in many Mediterranean countries, especially Portugal and Italy, and has announced its intention to expand into the United States and in Asia. In the year 2006, BBVA outbid Banco Santander Central Hispano, Bank of America, and formed an alliance with China CITIC Bank by acquiring a stake in the bank and in CITIC International Financial Holdings Limited (CIFH), China Citic Group's main international arm.
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.
