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.
UBS AG
UBS AG is a diversified global financial services company. It is the world's largest manager of Private Wealth assets, and is also the second largest bank in Europe, by both market capitalisation and profitability. UBS's retail offices are located throughout the United States, and in over fifty other countries. UBS's global business groups are private banking, investment banking, and asset management. Additionally, UBS is one of the leading providers of retail banking and commercial banking services in Switzerland. With headquarters in Zurich and Basel, Switzerland, UBS is present in all major financial centers worldwide.
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.
UBS AG is a diversified global financial services company. It is the world's largest manager of Private Wealth assets, and is also the second largest bank in Europe, by both market capitalisation and profitability. UBS's retail offices are located throughout the United States, and in over fifty other countries. UBS's global business groups are private banking, investment banking, and asset management. Additionally, UBS is one of the leading providers of retail banking and commercial banking services in Switzerland. With headquarters in Zurich and Basel, Switzerland, UBS is present in all major financial centers worldwide.
