VOICED: Finance giants need billions, markets tremble

The video discusses the financial crisis, highlighting HSBC's significant profit slump and job cuts, and the broader economic downturn in Asia. It covers the global response, including government financial assistance to institutions like AIG, and the trend of partial nationalizations. The video concludes with a call for urgent global economic action, emphasizing the need for a new deal to address the challenges faced by the world economy.

What major financial action did HSBC take in response to its profit slump?

• Opened new branches in Asia

• Cut 6100 jobs in the US

• Launched a new product line

• Increased interest rates

Which region experienced a record drop in industrial output and car sales?

• Europe

• Asia

• North America

• Africa

How much financial assistance did AIG receive from the U.S. government?

• $20 billion

• $30 billion

• $10 billion

• $40 billion

Which companies were mentioned as examples of partial nationalizations?

• Goldman Sachs and Morgan Stanley

• Deutsche Bank and Credit Suisse

• AIG and Citigroup

• HSBC and Barclays

What was the main focus of the talks between Brown and President Obama?

• Financial downturn

• Climate change

• Military cooperation

• Healthcare reform