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.
China Merchants Bank
China Merchants Bank (CMB) is a bank headquartered in Shenzhen, China. Merchants Bank is the first share-holding commercial bank wholly owned by corporate legal entities. China Merchants Bank is the first of the kind in developing a series of E-Banking distribution channel, such as On-line Banking, Phone Banking, Mobile Banking, and Self-service Banking, etc. in order to offer its clients with "Triple A" financial services.
Acting upon the principle of Market Segmentation, China Merchants Bank, expect for its efforts to provide quality services to the general public, it goes ahead further to develop "one-to-one" tailor made services to its affluent clients with its ever-improving professional and individualized service quality. In August 2004, the bank created another "No.1" in the country by establishing a "Customer Satisfaction Index System" in order to achieve a sustainable competitive advantage of management and service quality.
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.
