TechCrunch  3 hrs ago  Comment 
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Mondo Visione  5 hrs ago  Comment 
The Office of the Comptroller of the Currency (OCC) today assessed a $30 million civil money penalty against Bank of America, National Association, and ordered remediation to approximately 73,000 affected customer accounts. The OCC took the...
Wall Street Journal  6 hrs ago  Comment 
U.K. officials are funneling more than $1 billion in Libor penalties to the Battle of Agincourt anniversary, a ‘therapeutic baker’ and other charities.
Mondo Visione  6 hrs ago  Comment 
The federal bank regulatory agencies on Friday approved a notice requesting comment on a third set of regulatory categories as part of their review to identify outdated or unnecessary regulations applied to insured depository institutions....  6 hrs ago  Comment 
NEW YORK (TheStreet) -- Bank of Nova Scotia shares closed trading up by 1.37% to $52.67 on Friday afternoon,  following the release of the bank's second quarter earnings results.The company reported second quarter net income of C$1.8...
New York Times  7 hrs ago  Comment 
After approaches, the giant health insurer is working with bankers at Goldman Sachs to explore its options.
Motley Fool  11 hrs ago  Comment 
Many CEOs are ridiculously overpaid. This one delivers on his $20 million salary.
Forbes  May 29  Comment 
A new survey shows just how much of a chunk new methods of money transfer are taking out of tradtional's banking's share.
Wall Street Journal  May 29  Comment 
Wells Fargo Chief John Stumpf said the bank may finance other General Electric deals as they unfold, but he wouldn’t make any predictions about whether the bank would be a buyer.
Times Online  May 29  Comment 
He’s the one senior banker who never came close to saying sorry and it seems that Dick Fuld isn’t going...


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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