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.
Benjamin Franklin Bank
The Benjamin Franklin Bank is an independent community bank dedicated to providing a range of high quality financial products and services to consumer and business markets. By focusing our efforts on individual customers, pricing our services appropriately, operating efficiently, and managing at prudent and controlled levels of risk, we will remain a consistently reliable financial service provider.
The Bank will conduct its business so as to achieve the highest levels of compliance with applicable laws, rules and regulations consistent with operating a safe, sound and fully insured institution. The Bank will service its market area and remain visibly supportive of local community organizations. The Bank will continue to earn the trust and loyalty of those it serves, with traditions practiced since its founding in 1871.
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.
