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newratings.com  1 hr ago  Comment 
BRUSSELS (dpa-AFX) - The European Commission Friday said it has opened an in-depth investigation to assess whether state aid granted by Portugal to Banco Internacional do Funchal S.A (Banif) was compatible with EU State aid rules. In particular,...
guardian.co.uk  2 hrs ago  Comment 
Andy Haldane criticises firms for not prioritising profits, with money going to dividends instead of job creation or salary increases British businesses are giving too much money to shareholders and not investing enough, the Bank of England’s...
The Times of India  2 hrs ago  Comment 
HDFC Bank is working on an ambitious plan to get the thousands of ‘vintage businesses’, which are its customers, to sell their wares on a new online platform that the bank will launch in a couple of weeks. The products will be made available...
Reuters  5 hrs ago  Comment 
The Economist Group could become the latest British media business to undergo a change of ownership this year as its co-owner Pearson focuses on education, bankers and industry sources said.
MarketWatch  6 hrs ago  Comment 
A bearish engulfing chart pattern is warning that the financial sector’s uptrend, that took it a multiyear high earlier this week, may have just ended.
Mondo Visione  7 hrs ago  Comment 
  This conference has the title of Wholesale Markets and Risk: FEMR and beyond. And, of course, the management of risk is, and always has been, a key driver for the existence of wholesale markets.  Innovative, vibrant, competitive markets...
Clusterstock  8 hrs ago  Comment 
The bank theft was so outsized and bold that citizens of the Republic of Moldova came out in the streets this past May by the thousands to protest: “We want our billion back!” They used the number — US$ 1 billion – that news accounts...
Financial Times  9 hrs ago  Comment 
In the absence of bright-lines, complex rules govern banks
MarketWatch  9 hrs ago  Comment 
Lawsuit against multiple banks over Treasuries price manipulation; Clinton wishy-washy on Glass-Steagall reinstatement; Treasury systems vulnerable to cybercrime; and Grasley asks Red Cross why so secretive.
Wall Street Journal  9 hrs ago  Comment 
More changes are coming at the top of Bank of America. The bank is looking for a replacement for Gary Lynch, the general counsel who guided it through a storm of legal crises.




 
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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