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Forbes  3 hrs ago  Comment 
Having a great, customer service-oriented company culture isn’t the sole province of luxury brands and high-end service providers.To the contrary, great customer service can happen whether you operate a retail bank or a SaaS startup, a corner...
The Hindu Business Line  8 hrs ago  Comment 
Karnataka Bank has launched a new version of its mobile app ‘KBL Mobile’. It is a complete makeover compared to the earlier platforms and has many new features and enhancements. ‘KBL Mobile’ app is ...
The Hindu Business Line  8 hrs ago  Comment 
The intelligence unit will analyse data to zero-in on tax evaders and money mules
Motley Fool  9 hrs ago  Comment 
Thanks to a dividend cut and an aborted merger, New York Community Bancorp saw its shares lose ground last year.
Wall Street Journal  12 hrs ago  Comment 
Merrill Lynch’s “thundering herd” of brokers was once synonymous with Wall Street’s sales culture. But Merrill is shifting from the commission-based brokerage model and pushing its brokers to serve as overall financial advisers.
The Hindu Business Line  Jan 6  Comment 
Has not factored in November deposits surge in banking system
guardian.co.uk  Jan 6  Comment 
On Brexit and the 2008 crash their predictions – distorted by politics – were utterly wrong. The profession owes the public an inquest and an apology It is official. Figures for the past six months show that the forecasts of instant Brexit...
Banking Business Review  Jan 6  Comment 
ACI Worldwide has announced that The Shared Electronic Banking Services Company (KNET) in Kuwait has expanded its relationship with the company and will leverage its payments risk management solution to power fraud protection for its member banks.
BBC News  Jan 6  Comment 
A court in Nanjing, China, jails two men for swindling customers of their savings through a fake bank.




 
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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