Global financial crisis in October 2008 by the Senate, 263-171 in a bipartisan vote. Discussions were ongoing in Europe regarding possible remedies for financial instability in Europe leading up to a conference Saturday afternoon in Paris hosted by Nicolas Sarkozy, president of France. UniCredit of Italy was reported to be the latest bank to come under pressure. During the night of October 2 Greece followed Ireland's lead and guaranteed all bank deposits. On October 3 it was reported that Wachovia had rejected the previous offer from Citigroup in favor of acquisition by Wells Fargo, resulting in a legal dispute with Citigroup. In Britain, the Financial Services
Financial services in the Republic of Ireland financial derivatives: for example, if a company enters into a transaction outside of its objects in its memorandum and articles of association, the transaction may be void and unenforceable as "ultra vires". Netting and set-off are fully enforcable in Ireland (see the Netting of Financial Contracts Act 1995). There are few decided cases relating to financial derivatives in the Irish courts but decisions in the courts of England and Wales would be of persuasive authority. Regulation of the financial derivatives industry is the responsibility of the Central Bank. The central piece of legislation effecting the sale of financial derivatives is