The Hindu Business Line  24 min ago  Comment 
With the RBI slashing its policy repo rate by 50 basis points, banks will cut their base rates and may aggressively roll out festival loan offers at lower interest rates during the upcoming fes...
Reuters  40 min ago  Comment 
AB InBev is asking banks to underwrite up to $70 billion in debt financing to back its potential merger with SABMiller, banking sources said.
Mondo Visione  1 hr ago  Comment 
Andrea Enria, Chairperson of the EBA, gave a lecture on "The Single Rulebook in banking: is it ‘single’ enough?" at the University of Padova. In 2016, the EBA will celebrate five years since its establishment. Few periods have witnessed...
The Economic Times  3 hrs ago  Comment 
Home and corporate loans will cost less as the Reserve Bank today lowered the key interest rate by 0.50 per cent -- the biggest cut in over three years -- to bolster the economy.
Forbes  3 hrs ago  Comment 
Energy dealmaking is yet to truly heat up, but former Lehman banker Skip McGee's nascent firm Intrepid Partners is off to a hot start after playing a big role in Energy Transfer Equity's $37.7 billion takeover of pipeline competitor The Williams...
New York Times  3 hrs ago  Comment 
The plan would greatly reduce the taxes of most business owners, bankers, lawyers and other high income professionals.
The Economic Times  3 hrs ago  Comment 
Reserve Bank has set the ways and means advances (WMA) limit for the central government at Rs 20,000 crore for the second half of the current fiscal.
Wall Street Journal  4 hrs ago  Comment 
Bank of America Corp. is expected to announce layoffs in its global banking and global markets unit as early as Tuesday, according to people familiar with the matter.
The Hindu Business Line  10 hrs ago  Comment 
The Australian  4 hrs ago  Comment 
Forbes  4 hrs ago  Comment 
European bank stocks lost a chunk of their value last week ? mirroring the trend seen across sectors for the period, as investor confidence in global equity markets continues to suffer from weak economic indicators. The bank shares also bore the...


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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