Actions of Banks in world
Experts call for the Abolition of small and medium sized Banks to control the Credit Scale
Oct. 23rd, director of the State Council Development Research Center, Xia Bin appealed to the government that they should cancel the loan control model in commercial banks to resolve the problem of the small and medium sized enterprises.
Bank in Guangxi North Bay will be opening in the Association of Asean Countries
A joint-stock commercial bank, mainly servicing for the north bay economic zone of Guangxi, opened here on Oct. 23rd. The bank’s development target is to set up points in the other parts of China and Asean Countries.
18 Governor of Korea Bank decided to cut the Salaries of their Employees to deal with the Crisis
According to South Korea “Central Daily News” report on 23rd, 18 governor of Banks in Korea decided to reduce the salaries of their employees, responding for the rescue package to the Korean government. The 18 governor of the bank made this decision in federation of Seoul Bank.
ECB Governing Council Members said the Financial Crisis has reached the Turning Point
ECB Governing Council member, the director of the Austria Central Bank Ewald Nowotny said to the world on 22nd, due to the global financial markets’ support and joint action has played an active role to the crisis, he believes that the financial crisis has reached its turning point.
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