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guardian.co.uk  Sep 20  Comment 
'Even if you know a bank is going to go bankrupt, the managers have to play out the act - and that's what they did' I was out of place at this meeting for a couple of reasons. I was in the wrong trousers, for a start: I had just taken all...
DailyFinance  Sep 19  Comment 
More than 50 children joined UnitedHealthcare Pro Cycling Team members Hannah Barnes and John Murphy at the Boys & Girls Clubs of Warwick to learn about cycling, and things they can do to be more active and eat healthier....




 
TOP CONTRIBUTORS

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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