WA Business News  9 min ago  Comment 
The Reserve Bank has left the cash rate unchanged at a record low of 2 per cent. more to come...
The Times of India  2 hrs ago  Comment 
Varsha Sharma is a homemaker, 35 years old and has an 8-year old daughter.Till now she has been investing only in bank deposits and now wants to invest in mutual funds, provided she gets better returns than bank deposits. She needed help since she...
Forbes  4 hrs ago  Comment 
In July 2014, a run on Bulgaria’s Corporate Commercial Bank (Corpbank) brought it to its knees. It was closed down by the Bulgaria National Bank, and its owner, Bulgarian banker Tzvetan Vassilev, fled the country.
The Economic Times  5 hrs ago  Comment 
The existing shareholders of the non-banking financial company will get one share of the banking entity for every share held.
Financial Times  7 hrs ago  Comment 
New policy reflects US bank’s ‘commitment to managing environmental and social risks’
MarketWatch  7 hrs ago  Comment 
Treasury Secretary Jacob Lew will urge other nations attending the IMF/World Bank annual meetings to boost their domestic growth  7 hrs ago  Comment 
THE Australian dollar is stronger ahead of the Reserve Bank’s cash rate decision.
MarketWatch  8 hrs ago  Comment 
The Federal Reserve said it's giving more time for comments on Goldman Sachs's proposed acquisition of General Electric's online bank that had about $16 billion in assets. The Fed said the extension will allow comments on whether the deal meets...
Reuters  8 hrs ago  Comment 
Greece must complete the first review of agreed reforms, including the governance of its financial sector, before European creditors can pump in more money to recapitalise Greek banks, the chairman of euro zone finance ministers said.  Oct 5  Comment 
The chancellor is offering ‘very generous’ terms for smaller investors, particularly if the bank starts to pay dividends During the election campaign David Cameron pledged a discounted retail offering for the shares, although the amount being...


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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