TOP NEWS | Wednesday, 01 October 2008
Announcing its mid-yearly financial results yesterday, Farsons Group said it will lay off 60 employees within a year after its profit registered a drop by more than half over the same period in 2007.
In an extensive interview with Business Today, the first one since the Lehman brothers’ bankruptcy was announced some weeks ago, Bank of Valletta (BOV) Chief Executive Officer (CEO) Tonio Depasquale said that the Maltese economy might be hit eventually by the fall-out from the global banking crisis.>>
In his first interview since the Lehman Brothers’ banking crisis erupted, Bank of Valletta Chief Executive Officer Tonio Depasquale spoke at length with Charlot Zahra about Lehman’s impact on BOV and the effect of the global financial crisis on the Maltese banking sector and the economy>>
OPINION - George M Mangion
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