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The Economic Times  2 hrs ago  Comment 
The pack of top gainers was dominated by pharma stocks, while stocks of FMCG, capital goods, banking, IT and realty remained subdued.
WA Business News  3 hrs ago  Comment 
National Australia Bank has apologised to at least 150,000 customers for failing to disclose that its advisers were cross-selling the bank's products.
WA Business News  3 hrs ago  Comment 
The Economic Times  5 hrs ago  Comment 
The Nifty PSU Bank index finished as the top performing sector index on the NSE.
The Economic Times  5 hrs ago  Comment 
Redcarpetup will allow the bank to lend to students, something banks haven't done before.
Financial Times  7 hrs ago  Comment 
Central bankers are thinking of turning off the taps all over the world, sending markets into a spin. But with the trend so widespread, it's tough to see where this leaves currencies, Peter Schaffrik of RBC tells Katie Martin.
Financial Times  Jul 6  Comment 
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Motley Fool  Jul 6  Comment 
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Clusterstock  Jul 6  Comment 
LONDON — A number of UK fintech startups encountered technical issues on Thursday, warning customers that their payments may not go through. App-only banks and firms including Monzo, Revolut, Loot, Starling Bank, and Curve all ran into...
Reuters  Jul 6  Comment 
The dollar steadied against its peers early on Thursday after the Federal Reserve's policy meeting minutes took the wind out of its advance, with the market awaiting comments by central bankers and U.S. data for its next cues.




 
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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