Clusterstock  1 hr ago  Comment 
LONDON — Goldman Sachs on Tuesday named a new head of technology for Europe, the Middle East, and Asia, according to a memo seen by Business Insider. Joanne Hannaford, a partner at the bank since 2014, is taking on the role from Damian...
Clusterstock  2 hrs ago  Comment 
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. An Equifax-commissioned survey found a majority (56%) of respondents would like to use a biometric security method to...
The Economic Times  3 hrs ago  Comment 
As an MFI, the company is present in 11 states, which includes all the Southern states, barring Andhra Pradesh and Telengana.
The Hindu Business Line  3 hrs ago  Comment 
The Enforcement Directorate has attached Deccan Chronicle Holdings Limited (DCHL) assets worth Rs 263.10 crore in a bank loan fraud case under the provisions of the Prevention of Money Laundering Act...  3 hrs ago  Comment 
The old £1 coin is being phased out for a new bimetallic 12-sided coin that’s more difficult to forge, and even has a ‘hidden security feature’. The old round pounds can still be spent in shops until 15 October. After that they will have to...  4 hrs ago  Comment 
BRUSSELS (dpa-AFX) - Hungary's central bank held its key interest rate unchanged at a record low for a tenth month running on Tuesday. The Monetary Council of the Magyar Nemzeti Bank kept the base rate steady at 0.90 percent, in line with...
The Economic Times  4 hrs ago  Comment 
`Kotak Mahindra Bank may announce buying out Mahindra and Mahindra Financial Services in part cash and part stock deal,” said an investment banker based out of Mumbai.
The Hindu Business Line  1 hr ago  Comment  6 hrs ago  Comment 
Yahoo  6 hrs ago  Comment 
Artificial intelligence (AI) will become the primary way banks interact with their customers within the next three years, according to three quarters of bankers surveyed by consultancy Accenture (ACN.N) in a new report. Four in five bankers...
Banking Business Review  7 hrs ago  Comment 
Wells Fargo Bank customers now have card-free access to all of the company's 13,000 ATMs, coast-to-coast.


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

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki