Reuters  4 hrs ago  Comment 
IBM said on Friday it completed a pilot project with Chinese credit card company China UnionPay that will facilitate the sharing of loyalty bonus points among banks using block chain technology.
Reuters  5 hrs ago  Comment 
Italian bank UniCredit has selected four possible buyers of its Pioneer asset manager granting them access to the unit's financial data ahead of a sale later this year, two source...
Reuters  5 hrs ago  Comment 
With major central bank policy on hold for now, politics will take centre stage in the coming week as the U.S. presidential election enters a new phase with the first televised debate.
The Hindu Business Line  6 hrs ago  Comment 
CEO Parthasarathi Mukherjee says the bank is yet to decide on the exact route, investors or the extent of capital that needs to be raised
Motley Fool  6 hrs ago  Comment 
A simple list for curious investors.
Reuters  6 hrs ago  Comment 
Hong Kong billionaire Li Ka-Shing is likely to face significant regulatory hurdles if he bids for a stake in National Grid's British gas networks, banking and industry sources...
Yahoo  7 hrs ago  Comment 
Goldman Sachs (GS.N) is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters. The Wall Street bank is reducing the...  7 hrs ago  Comment 
Ad campaign is part of group’s strategy to run two brands: NatWest in England and Wales and Royal Bank in Scotland It has moody black and white images and a poetic voiceover with a social message. The words “we are blind” accompany images...  7 hrs ago  Comment 
Rogue trader Jerome Kerviel just saw his 4.9 billion euro fine to Societe Generale reduced down to a mere 1 million euros.
Financial Times  12 hrs ago  Comment 
Should regulators toughen rules on clawbacks, then all bank executives will be squirming


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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