MarketWatch  15 min ago  Comment 
The U.K.’s Brexit vote has piled pressure on central banks to soothe economic concerns, but anyone banking on the European Central Bank to jump to the rescue on Thursday are bound for disappointment.
The Hindu Business Line  21 min ago  Comment 
Capital adequacy can be resolved by diluting stake. The fear to lend can be tackled through a reformed vigilance set-up  1 hr ago  Comment 
Donald Trump wants to crack down on Wall Street.  2 hrs ago  Comment 
On Tuesday the bank reported a healthy increase in second-quarter profits, as trading recovered from a dismal first quarter that had forced layoffs and cuts Goldman Sachs’ latest quarterly profits have rebounded 78% from its worst quarterly...
Wall Street Journal  2 hrs ago  Comment 
While European Central Bank President Mario Draghi says Britain’s leaving the European Union could harm the bloc’s growth, the bank is expected to adopt a wait-and-see approach at its Thursday meeting.
Wall Street Journal  2 hrs ago  Comment 
Turkish bank Yapi ve Kredi Bankasi pulled a $550 million bond deal in the wake of last week’s failed coup, the latest sign of financial market turbulence in Turkey.
Benzinga  3 hrs ago  Comment 
The following story originally appeared on Prattle. Every week, Prattle Analytics runs algorithmic tests based on central bank communications. Prattle's models are based on the historical relationship between central bank language and market...
Reuters  3 hrs ago  Comment 
The S&P 500 and the Nasdaq were lower on Tuesday, weighed down by Netflix and health insurers, but the losses were offset on the Dow by Johnson & Johnson's strong results.
Financial Times  4 hrs ago  Comment 
ZEW findings come even as ECB shows eurozone bank lending so far undisturbed
The Economic Times  8 hrs ago  Comment 
Shares of SBI rose 0.94% to Rs 230.90. This bank will receive Rs 7,575 crore. PNB rose 0.68% to Rs 133.10. The bank will receive Rs 2,816 crore capital.
The Hindu Business Line  8 hrs ago  Comment 


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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