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.
Ceskoslovenska obchodni banka, a. s.
Ceskoslovenska obchodni banka, a. s. is a universal bank operating in the Czech Republic. The Bank operates in six business segments: retail banking, SMEs, corporate and non-banking financial institutions, financial markets and private banking. CSOB is operating under two retail brands in the Czech Republic - CSOB and Postovni sporitelna (Postal Savings Bank - PSB); the latter is using the wide distribution network of Czech Post.
Along with its own products and services, CSOB's branch network offers products and services of the entire CSOB Group. Comprehensive service portfolio thus also includes insurance and pension products (CSOB Pojistovna and the Stabilita and Progres pension funds), financing the housing needs (Hypotecni banka and Ceskomoravska stavebni sporitelna) collective investment and asset management (investment funds of CSOB Investment company a CSOB Asset Management) and specialized services (CSOB Leasing and CSOB Factoring). Services related to trading on financial markets are provided by Patria, a sister company of CSOB.
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.
Ceskoslovenska obchodni banka, a. s. is a universal bank operating in the Czech Republic. The Bank operates in six business segments: retail banking, SMEs, corporate and non-banking financial institutions, financial markets and private banking. CSOB is operating under two retail brands in the Czech Republic - CSOB and Postovni sporitelna (Postal Savings Bank - PSB); the latter is using the wide distribution network of Czech Post.
