RECENT NEWS
New era as Swiss bank secrecy declines
Financial Times  1 hr ago  Comment 
After a long battle to safeguard its 80-year tradition of banking secrecy, Switzerland faces a new era as it begins negotiations on a new EU tax accord
Sir Mervyn King: don't demonise bankers
guardian.co.uk  3 hrs ago  Comment 
Outgoing Bank of England governor blames regulatory failure for banking crisis and not individuals The outgoing governor of the Bank of England has called on the British people not to "demonise" bankers for the financial crisis. Sir Mervyn King...
Independent Scotland open to Cyprus-style bank risks, says Britain
Reuters  5 hrs ago  Comment 
An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain's finance ministry says.
Germany okays bank reform to protect taxpayers
The Hindu Business Line  8 hrs ago  Comment 
Germany has approved new measures to rein in high-risk financial business of banks and to decouple them from retail banking as part of a comprehensive reform to prevent a repeat of the financial c...
Will snoopgate fell the Bloomberg giant?
The Australian  May 18  Comment 
JP MORGAN was in the eye of a storm. Bruno Iksil, a trader in the Wall Street bank's London office, had made big bets that were starting to go wrong.
U.K. Treasury Says Banks Too Big to Save in Independent Scotland
Bloomberg  May 18  Comment 
An independent Scotland would have a banking system too big to save in the event of a crisis, the U.K. Treasury said in a study into the economic implications of the nation breaking away from the rest of the country.
London bankers plan to dodge new EU crackdown on bonuses
guardian.co.uk  May 18  Comment 
Banks may increase salaries to compensate for EU plans bringing 10 times more London bankers within pay net An EU crackdown on bankers' bonuses in the City of London will just lead to a surge in basic salaries and other initiatives to circumvent...
Be worldly-wise with plastic
Sydney Morning Herald  May 18  Comment 
Overseas travel is expensive enough, without your bank grabbing a share.     
Bankers call for more awareness campaigns on ponzi schemes
The Hindu Business Line  May 18  Comment 
Financial literacy and investor awareness campaigns need to be initiated to caution depositors from investing in schemes floated by shady companies, according to senior bank offici...
Thousands more bankers to be caught in bonus cap net
Times Online  May 18  Comment 
Plans to cap bankers’ bonuses are to be widened dramatically to include tens of thousands more staff, under leaked plans...




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Sr. Director
Scott Redmond

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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Companies in the Banking Industry (22)

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