Clusterstock  25 min ago  Comment 
Staff at US investment bank JP Morgan can no longer access the online version of the Financial Times on work computers, the bank confirmed on Wednesday, citing the desire to "avoid a potential copyright concern." Bankers have been blocked from...
Forbes  34 min ago  Comment 
Fotolia Giorgio Saavedra is the Integrating Reporting Lead in the Corporate Reporting group of the World Bank, and is also responsible for statutory and management reporting for the International Bank for Reconstruction and Development (IBRD), one...
Wall Street Journal  1 hr ago  Comment 
The Spanish lender is exposed to a tough market in Brazil, but its loan losses remain contained.
Reuters  1 hr ago  Comment 
Wall Street executives are too shielded from prosecution and should answer for misdeeds committed by underlings, the watchdog for a multibillion-dollar bailout said on Wednesday.
MarketWatch  2 hrs ago  Comment 
Christy Goldsmith Romero wants to eliminate plausible deniability for bank CEOs. “Crime and fraud should have no protection in these organizations,” she says.
Forbes  2 hrs ago  Comment 
Ready to become a Snapchat star and make bank? Don't quit your day job yet.
Reuters  3 hrs ago  Comment 
London's financial district has called for a UK regulatory regime that does not harm competitiveness, responding to bankers' fears that being outside the European Union will reduce the capital's clout in global markets.
The Times of India  3 hrs ago  Comment 
Bad loan worries came back to haunt market as the Sensex slid for the second day by plunging 255 points, led by banking stocks after Axis Bank's sharp drop in quarterly profit suggested all is not well on the NPA front. The 30-share index cracked...
Financial Times  4 hrs ago  Comment 
Spanish bank beats earnings expectations despite recession in Brazil and political uncertainty in the UK


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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