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
Global financial crisis in October 2008 but eventually closed down 203 points. Oil futures continued to decline and the yen continued to rise against all other currencies. There was consideration given by both the G7 and the Japanese government to take measures to support other currencies as against the yen. In a second round of recapitalization, the U.S. Treasury funded 22 banks with 38 billion dollars. The list of banks aided was confidential, but some banks including BB&T, Capital One, SunTrust Banks, City National Corporation, Comerica, First Niagara Bank, Huntington Bancshares, Northern Trust, State Street Corporation, UCBH Holdings, First Horizon National Corporation, PNC Financial Services (buyer