Financial Times  3 hrs ago  Comment 
State financing has enabled a pivotal transaction
The Economic Times  3 hrs ago  Comment 
In an exclusive chat with ET Now, Shriram founder R Thyagarajan, IDFC Bank chief Rajiv Lall and Piramal Group's Ajay Piramal talk about the merger.
The Hindu Business Line  6 hrs ago  Comment 
Reuters  3 hrs ago  Comment 
Swiss bank UBS is weighing up whether to move banking jobs in London to Frankfurt, Madrid or Amsterdam to cope with Britain's planned departure from the European Union, Chief Executive Sergio Ermotti said in an interview with CNBC.
Financial Times  5 hrs ago  Comment 
Cryptocurrency invented to disrupt traditional banking is under strain  5 hrs ago  Comment 
Policies to shore up the banking system have paid off in the US and the UK, with Europe catching up, but some big risks still remain In recent weeks, policymakers on both sides of the Atlantic have affirmed that the financial system is sound and...
Financial Times  7 hrs ago  Comment 
The Economic Times  8 hrs ago  Comment 
AU Finance would be transitioning into a small finance bank till FY17 and function as a NBFC: Nidesh Jain, Investec Bank
Reuters  10 hrs ago  Comment 
Shares in India's AU Small Finance Bank Ltd jumped as much as 52 percent on their market debut after the lender's 19.13 billion-rupee ($296.4 million) initial public offering of shares.
Channel News Asia  12 hrs ago  Comment 
A California judge has granted a preliminary approval for Wells Fargo & Co's agreement to pay US$142 million, and perhaps more, to customers whose credit scores were harmed by its employees creating fake accounts in their names, the bank said on...


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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