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.
IndyMac Bank
Indymac Bank is the ninth largest mortgage lender in America and the largest savings and loan based in Los Angeles. Indymac Bank provides single-family home mortgage financing, FDIC-insured banking products and through its Financial Freedom subsidiary is one of the largest providers of reverse mortgage loans to seniors.
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.
Indymac Bank is the ninth largest mortgage lender in America and the largest savings and loan based in Los Angeles. Indymac Bank provides single-family home mortgage financing, FDIC-insured banking products and through its Financial Freedom subsidiary is one of the largest providers of reverse mortgage loans to seniors.
