RECENT NEWS
New York Times  3 hrs ago 
Prosecutors are investigating reports that companies owned by the banker, Sonja Kohn, received more than $40 million.
The Value at Risk  5 hrs ago 
In case anyone was too busy to notice, the Labor Department announced yesterday that US non farm payrolls shrunk by 467,000 in the month of June. Needless to say, these numbers, which will likely be revised further downwards next month, are a...
Bloomberg  5 hrs ago 
(Update4) R. Allen Stanford’s liquidators from Antigua were awarded control of 120 million pounds ($196 million) in U.K. assets seized in a fraud probe in a London court battle with U.S. receivers.
Jr Deputy Accountant  7 hrs ago 
Let's see... 1992... Sorry, I won't be much good if you're looking for a "man on the street" economics report, I would have been an 11 year old 6th grader more worried about slap bracelets and Hypercolor t-shirts than bank failures and political...
Wall Street Journal  9 hrs ago 
Mining company Teck Resources agreed to sell a 17% stake to China Investment Corp. for about $1.5 billion, with the aim of reducing bank debt.
Bloomberg  9 hrs ago 
(Update1) U.K. police formally identified the body of a man found in a woodland about 25 miles (40 kilometers) west of London on June 28 as ABN Amro Holding NV’s former Chief Financial Officer Huibert Boumeester.
Reuters  Jul 3 
Former employees of Dutch bank ABN AMRO have set up their own asset management firm in the Netherlands and Britain, the new company said on Friday. The firm, called Aethra Asset Management, will initially service institutional clients, and once...
JLM Pacific Epoch  Jul 3 
Over the past few weeks, speculation has been mounting that China is planning to issue a new RMB 500 bank note in November . Reports suggest that the new note, which would be far and away the largest face-value bank note in circulation on the...
Michael James on Money  Jul 3 
1. Scott Adams of Dilbert fame has a funny and thoughtful demonstration that your bank hates you. 2. Larry Swedroe has a great series on bad investments (starts here) that includes some words to live by: "the more complex an investment product,...
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BULLS: REASONS TO BUY

 
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Commercial and Industrial Loans Set a New Record

 
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Failure is not an option

BEARS: REASONS TO SELL

 
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With Government Talking to Citi About a Larger Stake, Bank Nationalization Still Off the Table

 
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

[edit] Investment Banks

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

[edit] Savings and Loan Banks

[edit] Investment Banks

[edit] Foreign Regional Banks

[edit] Money Center Banks

[edit] Regional Banks

 
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