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.
UniCredit Group
UniCredit Group is one of the largest banking and financial services organisations in Europe with a network of 7,200 branches and strong local roots in 20 countries. Its international network is made of branches, representative offices and small banking subsidiaries in 40 countries worldwide.
In Europe we are one of the leaders in terms of business size and we can leverage on a unique strategic positioning. The Group is, in fact, leader in one of the richest areas of Europe: Bavaria, Austria and Northern Italy... as well as in Central and Eastern Europe, an area featuring fast rates of economic growth and the fastest growth rates for banking revenues.
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.