MarketWatch  Mar 21  Comment 
Citigroup Inc. said in a letter sent Tuesday to lawmakers that a loan made to Kushner Cos. shortly after the bank’s chief executive met with Jared Kushner last year was “completely appropriate.”
Financial Times  Mar 21  Comment 
Company had been under scrutiny by murdered journalist Daphne Caruana Galizia
Clusterstock  Mar 21  Comment 
Bank stocks rose following news that the Federal Reserve had raised interest rates. The Federal Reserve voted to increase rates by 25 basis points, marking the sixth rate hike since 2015. Bank stocks were lifted by news that the Federal...
SeekingAlpha  Mar 21  Comment 
The Economic Times  Mar 21  Comment 
The direction had come after DoT said the bank had refused to comply with its order to invoke bank guarantees it had issued on behalf of Aircel, citing a stay by TDSAT.
MarketWatch  Mar 21  Comment 
Exchange-traded funds that track and financial and banking sectors rose sharply on Wednesday, after the Federal Reserve raised interest rates, as had been widely expected. The Financial Select Sector SPDR ETF rose 1.3% while the SPDR S&P Bank ETF...  Mar 21  Comment 
With slowing house price growth, high debt levels and weak wages growth, the bank’s in no rush The latest residential price data shows a continued slowing of growth which reflects the end of the housing boom. Whereas the prices of apartments...
The Hindu Business Line  Mar 21  Comment 
The bank reached an understanding with officers earlier this month
The Hindu Business Line  Mar 21  Comment 
A United Forum of Bank Unions (UFBU) delegation met Finance Minister Arun Jaitley and demanded that action be taken against those responsible for frauds, and appointment of officer and employee dir
The Hindu Business Line  Mar 21  Comment 
Most of them are small and medium entities with little dependece on bank finance


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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