New York Times  22 min ago  Comment 
As the bank reels in the court of public opinion, it has been able to stop lawsuits from defrauded customers by moving the cases to arbitration.
Reuters  1 hr ago  Comment 
The stock of JPMorgan Chase & Co has been climbing so much that "at a certain price," the company may consider issuing a special dividend to distribute excess capital rather than buying back additional stock, Chief Executive Jamie Dimon said on...
Insurance Journal  1 hr ago  Comment 
The U.K. government promised to make sure London keeps its place as the leading financial center after Brexit, following top-level talks between global bank chiefs and senior ministers. U.K. Chancellor of the Exchequer Philip Hammond and Brexit...
Insurance Journal  3 hrs ago  Comment 
Smartphone-only bank Number26 is now offering its services in 17 countries in the euro zone, expanding from a smaller core of European markets it entered a year ago, it said on Tuesday. The Berlin-based company is backed by Li Ka-shing, …  3 hrs ago  Comment 
Market expert says move could signal end of record low interest rates The first evidence has emerged that the era of record-low fixed-rate mortgages may be coming to an end after HSBC withdrew its “cheapest-ever” deal and increased rates on...
MarketWatch  5 hrs ago  Comment 
The management of troubled lender Banca Monte dei Paschi di Siena SpA is set to meet officials at the eurozone banking regulator in Frankfurt on Tuesday, as Italy’s government crisis threatens to derail the bank’s recapitalization plans.
Clusterstock  10 hrs ago  Comment 
Good morning! Here's what you need to know in markets on Tuesday. A €5 billion ($5.33 billion) rescue plan for Italian bank Monte dei Paschi di Siena hangs by a thread after Prime Minister Matteo Renzi's heavy defeat at a weekend referendum...
Financial Times  11 hrs ago  Comment 
Renzi’s defeat brings closer moment of reckoning for rule book
The Economic Times  Dec 6  Comment 
The Australian dollar dipped about a quarter of a per cent after the Reserve Bank kept interest rates on hold but sounded a note of caution on the pace of growth.


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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