Forbes  9 min ago  Comment 
Global banking giant HSBC falls after releasing worse-than-expected financials. What should investors do now?  11 min ago  Comment 
LONDON (dpa-AFX) - A sharp rise in market interest rates, in expectation of the bank rate being raised in the near future, would tighten credit conditions and potentially hit both consumer spending and business spending, Andrew Haldane, Bank of...  41 min ago  Comment 
The Economic Times  1 hr ago  Comment 
Banks are currently conducting around 75-80 crore digital transactions every month (as per RBI statistics). This is equivalent to annual transactions in the range of 800-1000 crore, said Ritesh Pai.
The Economic Times  2 hrs ago  Comment 
NSE’s Nifty50 index closed 28.65 points up at 8,907, while the 30-share BSE Sensex settled 100 points up at 28,761 on February 21.
The Economic Times  2 hrs ago  Comment 
The board of the bank has approved in-principle the proposal to divest some of its non-core investments subject to compliance with all applicable laws and regulations, said IDBI Bank.
Benzinga  3 hrs ago  Comment 
Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Golden Valley, Minn. at 8:50 a.m. ET. The manufacturing PMI for February is schedule for release at 9:45 a.m. ET. The Treasury is set to auction 3-and 6-month...
Clusterstock  4 hrs ago  Comment 
Shares in Europe's biggest bank by assets, HSBC, are tumbling on Tuesday after it dropped a troubling set of results. HSBC said on Tuesday that profit before tax for 2016 fell to $7.1 billion from $18.87 billion in the previous year. That...
The Times of India  6 hrs ago  Comment 
London-based bank HSBC reported Tuesday that annual profit slumped by more than 80 per cent following a year of "unexpected economic and political events'' that contributed to volatile markets and influenced investment activity.


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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