Japan Today  3 hrs ago  Comment 
Japan’s Financial Services Agency is set to issue business improvement orders against a subsidiary unit of Concordia Financial Group Ltd over illicit commissions and other breaches, a government…
Wall Street Journal  6 hrs ago  Comment 
Bank CEOs cited job growth, capital expenditures as profits moved higher in second-quarter results, while adding that trade issues weren’t yet hurting banks.
Yahoo  6 hrs ago  Comment 
Bank of America Corp. agreed to pay an undisclosed multimillion-dollar sum to settle claims of defamation brought by former executive Omeed Malik, who was fired by the bank earlier this year, according to a person familiar with the matter. Malik...  8 hrs ago  Comment 
Read full story for latest details.
Benzinga  8 hrs ago  Comment 
Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened On July 13, 1852, Wells Fargo & Co (NYSE: WFC) was founded in San Francisco to support miners in the gold rush. What Else Was...
The Hindu Business Line  8 hrs ago  Comment 
NPAs to blame, say bankers
Clusterstock  8 hrs ago  Comment 
During second quarter earnings calls on Friday, bank executives from Citi and JPMorgan tamped down concerns about the impact of Trump's trade war on their firms. Worries over trade may have actually boosted results, the executives said, by...
New York Times  9 hrs ago  Comment 
JPMorgan Chase, Citigroup and PNC all reported another quarter of healthy profits on Friday. Loan growth isn’t keeping up.
Motley Fool  10 hrs ago  Comment 
Only a few banks have reported yet, but JPMorgan Chase's results are looking strong.
The Economic Times  Jul 13  Comment 


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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