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.
Clariden Leu AG
Clariden Leu is founded on a long tradition in private banking characterized by an exclusive and unique style, and, at the same time, setting new standards in client advisory services. Individual clients, with their personal needs and expectations, are the focus of the Bank's activities. Clariden Leu does not deal in standard solutions, but instead provides customized services on the basis of a clearly defined advisory process. Its advisors have access to innovative products and services that set new trends in the market and rank best-in-class in their respective categories. Dynamism and innovation in product development are the tangible expression of Clariden Leu's exclusivity.
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.
Clariden Leu is founded on a long tradition in private banking characterized by an exclusive and unique style, and, at the same time, setting new standards in client advisory services. Individual clients, with their personal needs and expectations, are the focus of the Bank's activities. Clariden Leu does not deal in standard solutions, but instead provides customized services on the basis of a clearly defined advisory process. Its advisors have access to innovative products and services that set new trends in the market and rank best-in-class in their respective categories. Dynamism and innovation in product development are the tangible expression of Clariden Leu's exclusivity.
