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The Hindu Business Line  23 min ago  Comment 
Krishnan was visibly upset over the inordinate delay in encashment of a demand draft issued by a bank. It is close to a week since I presented the instrument, but the said amount is still not r...
Bloomberg  29 min ago  Comment 
The London skyscraper known as the Gherkin is being bought by the Safra Group, the banking empire controlled by billionaire Joseph Safra.
Banking Business Review  1 hr ago  Comment 
Fiserv, a leading global provider of financial services technology solutions, announced today that Andover Bank, headquartered in Andover, Ohio, has selected the Precision core processing platform, Item Processing Solutions and a host of...
The Hindu Business Line  1 hr ago  Comment 
Dena Bank reported a sharp 52 per cent decline in net profit at Rs 51.58 crore in the second quarter ended September 30, 2014, as against Rs 107.38 crore in the year ago period. Net inte...
The Economic Times  1 hr ago  Comment 
"The real India Inc will start investing money in the country now. And that is where you will require banks. This will make earnings flow into them."
Wall Street Journal  2 hrs ago  Comment 
The Bank of Russia lowered its growth outlook and raised its estimate of how much capital has left the country but said it would stick to its plan to switch to inflation targeting policy, while letting the ruble float freely by the end of 2014.
guardian.co.uk  2 hrs ago  Comment 
Rolling business and financial news, as Italian industrial output suffers another decline (details start here) Earlier: Bank of England governor: authorities must work closer together to tackle poor behaviour. 10.01am GMT Do not be...
MarketWatch  3 hrs ago  Comment 
While investment bankers will see bonuses rise as much as 15%, fixed-income and stock traders may see their own bonuses fall as much as 15% from a year ago.
The Economic Times  3 hrs ago  Comment 
Hospitality and travel lead the way, followed by banking, financial services and insurance and core sectors where this increase is more than 25% compared to last year's numbers.
Mondo Visione  3 hrs ago  Comment 
Click here to download Cairo Amman Bank's weekly economic monitor.




 
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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