RECENT NEWS
guardian.co.uk  3 hrs ago  Comment 
Treasury select committee says Paul Pester had ‘not been straight’ about bank’s IT crisis The TSB chief executive is under mounting pressure to quit after MPs said the bank’s board should give “serious consideration as to whether his...
Forbes  3 hrs ago  Comment 
Finastra's banking platform offers a way for financial services institutions to innovate faster, and way for fintech firms to partner with banks.
Financial Times  5 hrs ago  Comment 
Decision to leave post at lossmaking lender comes after completion of rescue deal
The Hindu Business Line  6 hrs ago  Comment 
Driven by focus on rural economy, IT innovations
Yahoo  6 hrs ago  Comment 
U.S. markets extended their winning run into the fourth straight session on Wednesday. The primary catalyst for gains was bank stocks. This class of equities surged following a rise in U.S. bond yields. Yields closely mirrored the spike in their...
Reuters  7 hrs ago  Comment 
Malaysia has issued an arrest warrant for financier Low Taek Jho, wanted for questioning in a graft probe involving former prime minister Najib Razak and state fund 1MDB, a media report and a source familiar with the matter said on Thursday.
Clusterstock  7 hrs ago  Comment 
This story was delivered to Business Insider Intelligence "Payments Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here. The ongoing deployment and innovation of ATMs by ATM manufacturers,...
Clusterstock  12 hrs ago  Comment 
Though daunting at first, investing in public markets is one of the best ways to grow long-term wealth. David Bailin, the global head of investments at Citi Private Bank, which serves clients with accounts of at least $25 million, says the...
Financial Times  Jun 7  Comment 
Legacy of bad loans and tougher regulations weigh on sector’s prospects




 
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

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki