Finance Asia  1 hr ago  Comment 
US bank relocates global head of wealth management and insurance at the consumer bank from New York to Hong Kong, reflecting rise of Asian consumer.
Bloomberg  1 hr ago  Comment 
A hedge fund that returned almost 60 percent last year by betting on oil’s collapse says the slump may have further to run.
Reuters  2 hrs ago  Comment 
Australian bank Macquarie Group Ltd's aircraft leasing subsidiary is in exclusive talks to buy a portfolio of new planes from Dublin-based lessor AWAS for more...
The Hindu Business Line  3 hrs ago  Comment 
Vietnam shares rose 2.22 per cent on Friday, led by strong gains in banking stocks, including Hanoi-based Vietcombank, the country’s top lender by market value.Shares of Vietcombank rose 6....
The Economic Times  8 hrs ago  Comment 
At the bankers’ Gyan Sangam held in Pune earlier this month, Hasmukh Adhia, GoI’s financial services secretary, held a yoga session. Attendance was voluntary, but the hall was packed.
BBC News  Jan 8  Comment 
New Banco Santander chairman Ana Botin moves to strengthen the eurozone's largest bank with a huge €7.5bn (£6bn) fundraising.
Clusterstock  Jan 8  Comment 
By Lauren Tara LaCapra NEW YORK (Reuters) - Morgan Stanley said it has raised about $1 billion for a new credit fund, the latest in a series of private equity-type vehicles it is raising despite a new regulation that limits the bank's own...
The Australian  9 hrs ago  Comment 


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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