Panic swept throughout the global markets Friday. The Japanese Nikkei
tumbled 9.6%, and the London FTSE was down 8.9%. Investors feared outcomes of the U.S. markets, even as international banks injected capital into the markets to help stabilize them. The Bank of Japan injected $45 billion, India's central bank made $8.2 billion available, the European Central Bank gave $100 billion, the Bank of England offered up $10 billion, and the Swiss National Bank provided $10 billion.
At the same time Italian Prime Minister Silvio Berlusconi didn't help the international markets by first saying world leaders were discussing shutting down global financial exchanges, and then saying he didn't mean it. The Dow Jones Industrial Average, which fell as much 8.1% in early trading, pared some of those losses after his initial remarks, as did Europe's Stoxx 600, according to
Bloomberg .
In the end, only one international bank was in the green on Friday, the Royal Bank of Canada.
- Maria Woehr
Troubled International Banks
Prices at 3:30 pm EDT |
| Name |
Open |
Price at
3:30pm |
Change |
Mkt cap |
| UBS AG (USA) |
15.58 |
15.28 |
-0.22 |
43.33B |
| Barclays PLC |
205 |
207.50 |
-34.25 |
17.37B |
| BNP Paribas SA |
60 |
59.87 |
-7.02 |
53.57B |
| Deutsche Bank AG (USA) |
42.1 |
44.28 |
-1.97 |
22.63B |
| Royal Bank of Scotland Group plc (ADR) |
1.37 |
1.37 |
-0.12 |
22.83B |
| Royal Bank of Canada |
39.99 |
42.40 |
1.00 |
56.68 |
| HSBC Holdings plc |
831.25 |
790.00 |
-70.00 |
95.21B |
| Lloyds TSB Group |
185 |
189.40 |
-22.35 |
11.46B |
| Standard Chartered PLC |
1065 |
163.50 |
-163.50 |
14.22B |
| Toronto-Dominion Bank |
50.01 |
51.78 |
-0.72 |
41.94B |
| Mitsubishi UFJ Financial Group Inc (ADR) |
6.31 |
6.59 |
-0.43 |
68.16B |
Source: The Deal |
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