Tuesday, September 30, 2008

EU catches cold from Wall Street!

latest headlines about wall street and its implications on Europian market doesnt sound good for proffessionals in IT and finance!

*Financial Services major Citigroup will acquire the banking operations of Wachovia Bank, the fourth largest bank in US!

* In the UK, the eigth biggest mortgage dealer B&B has been nationalised.

* Fortis has been rescued with governments of Belgium, Netherlands & Luxembourg jointly taking a 49% stake.

* In total, six minor Danish banks have beed sold/merged or bailed out in recent months.

After US and UK, would the storm hit Asia?

10 comments:

Vin said...

the tandav is intense now.... nobody can stop HER !

sawan said...

wer have u beeen???
god.. u dnt even have a e-mail id..
i thought u and sen just vanished :-)

gud to cya back!!

Vin said...

Senorita n me were entangled in something called "LIFE"... we weren't prepared at all n so lost balance...but we r back for good!!!

sawan said...

ooo.. nice that u both are back,... misd u guys..

Rambler said...

Hope both Wall Street and EU recover from the cold quickly! I have to add a extra prayer to God to keep my bank safe!

Vin said...

ur new pic is quite an effect!!

sawan said...

@rambler: pray hard.. rumors say icici has already started drowning!

vin: thnx :-)

Senorita said...
This comment has been removed by the author.
Senorita said...

Yeah that is what even I have heard... but it is usually such rumours and panic that leads to the downfall of giants... lemme narrate two stories that I read long time ago but seem really relevant in times like this..check
out my blog for the same...

sawan said...

sen.. comment left for ur post.. :-)