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The Hindu Business Line  22 min ago  Comment 
Lakshmi Vilas Bank reported a 90 per cent growth in its March quarter net profit at ₹40 crore from ₹21 crore in corresponding last quarter on higher income. Net interest income, the diff...
Financial Times  2 hrs ago  Comment 
The bank has a sorry history stateside — why not end it?
The Hindu Business Line  3 hrs ago  Comment 
Reserve Bank Governor Raghuram Rajan kept the policy rate unchanged earlier this month, despite a majority of seven external advisors to the RBI board favouring a cut of up to 0.5 per cent, the ce...
Clusterstock  3 hrs ago  Comment 
The Securities and Exchange Commission is about to give shareholders a whole lot more power. Investors in publicly traded companies already vote on executive pay, but now the SEC wants to help them better understand the decisions they're making,...
New York Times  3 hrs ago  Comment 
The 25 players selected in the first round of the 1990 N.F.L. draft paint a complex picture of life after football. Some have millions in the bank, while others have declared bankruptcy.
The Economic Times  4 hrs ago  Comment 
Shares of the bank gained 3.30 per cent to settle at Rs 552.90 on the BSE. During the day, it surged 4.79 per cent to Rs 560.90.
Financial Times  4 hrs ago  Comment 
Former Morgan Stanley man recruits three senior M&A bankers
The Australian  4 hrs ago  Comment 
Wayne Byres has given his strongest indication that the major banks may soon have to reduce leverage in their massive mortgage books.
guardian.co.uk  6 hrs ago  Comment 
Former property tycoon interrupts Bank of Ireland AGM to dump Gorse Hill keys on desk of banking boss after losing last-ditch attempt to keep his home A bankrupt former multimillionaire has dropped the keys of his luxury South Dublin home on to...
guardian.co.uk  11 hrs ago  Comment 
Move causes profits to fall 26% in first quarter and signals bank expects to face at least £2bn in fines and litigation over manipulation of foreign exchange markets Barclays has been forced to set aside almost another £1bn as it braces for a...




 
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

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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