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.
Capitalia Banking Group
Capitalia S.p.A. is the Holding Company of the Capitalia Banking Group, born on July 1, 2002, from the synthesis of the former Bancaroma and Bipop-Carire banking groups. With the approval of the 2005-2007 Business Plan by the Capitalia Board of Directors on July 4, 2005, the organizational and corporate rationalization of the Capitalia Group continued.
Currently, besides the parent company, Capitalia S.p.A., the Group is primarily composed of three commercial banks (Banca di Roma, Banco di Sicilia and Bipop Carire, all wholly owned), which are entirely focused on customers and traditional banking activities through their local networks under their own brands. Capitalia is a limited company, and it is currently led by the President Cesare Geronzi and the CEO Matteo Arpe.
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.
