RECENT NEWS
Bloomberg  3 hrs ago  Comment 
National Commercial Bank, Saudi Arabia’s largest lender by assets, is seeking to sell a 15 percent stake on the Saudi Stock Exchange in the fourth quarter, according to two people familiar with the matter.
The Economic Times  5 hrs ago  Comment 
J&K Bank is a 'BUY' call with a target of Rs 1650and a stop loss of Rs 1594.
Yahoo  5 hrs ago  Comment 
Regulators also will unveil a separate proposal governing how much money swaps buyers and sellers must set aside when they make trades outside central clearing houses. The rules from the Federal Reserve, Federal Deposit Insurance Corp (FDIC) and...
Banking Business Review  7 hrs ago  Comment 
British banking and financial services company Barclays has completed the sale of its retail banking business in UAE to Abu Dhabi Islamic Bank (ADIB) for approximately AED650m ($176.9m).
The Australian  7 hrs ago  Comment 
RESERVE Bank governor Glenn Stevens has warned against excessive risk-taking in the housing market while interest rates are low.
WA Business News  9 hrs ago  Comment 
Bendigo and Adelaide Bank hopes to raise $200 million through an issue of hybrid securities to investors.
Wall Street Journal  10 hrs ago  Comment 
An internal investigation into allegations of inappropriate employee behavior has roiled the bank's European stock-trading desk.
Finance Asia  11 hrs ago  Comment 
FinanceAsia and Clifford Chance have joined forces to survey the views of senior bankers and professionals on M&A trends in Asia-Pacific during the coming year.
Clusterstock  11 hrs ago  Comment 
An internal investigation at Credit Suisse into trader misconduct has unearthed allegations of traders watching porn in the office, the Wall Street Journal reports. From the WSJ [via Dealbreaker]: Credit Suisse has accused the trader, Zoe...




 
TOP CONTRIBUTORS

The banking industry faces a challenging year in 2008 as many companies work through the weaker housing market and mortgage related issues.

In September 2007, the bank industry's earnings performance slipped for the first time in many quarters as the housing sector continued to weigh on the mortgage and investment banking businesses at many of the larger banks. The subprime mortgage fallout continued to affect the banking industry as it became difficult to value debt instruments backed by mortgages and caused a temporary credit freeze in some markets during the late summer.

More problems may arise in 2008 as rates on adjustable-rate mortgages made in 2005 and 2006 are scheduled to reset. Homeowners could potentially have a harder time making payments on these higher mortgages which may lead some to default. There is also a fear that the mortgage related problems may spill over into the credit card markets which would exacerbate the situation even further.

Banks make a profit by borrowing

Investment Banks

Investment banks help public and private institutions to raise capital and provide advice on mergers and acquisitions.

Savings and Loan Banks

Investment Banks

Foreign Regional Banks

Money Center Banks

Regional Banks

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