Channel News Asia  1 hr ago  Comment 
HSBC UK said on Tuesday some of its customers were struggling to access online banking, the second outage of the lender's digital services in weeks.
Reuters  1 hr ago  Comment 
The chief executives of HSBC, Standard Chartered and Credit Suisse have pulled out of a high profile conference in Saudi Arabia next week, the latest business leaders to abandon the event amid widespread concern about the fate of a journalist.
The Economic Times  4 hrs ago  Comment 
A criminal can just walk into a bank, impersonate you, request a change in your registered mobile number.
Financial Times  8 hrs ago  Comment 
Global bankers have collected more than $1bn in fees from Saudi deals this decade
The Economic Times  9 hrs ago  Comment 
Buy Karnataka Bank at a price target of Rs 160.
The Economic Times  9 hrs ago  Comment 
Reserve Bank has decided to conduct purchase of the government securities under such route
WA Business News  10 hrs ago  Comment 
NAB is setting aside $314 million for customer remediation programs, becoming the latest big bank to take a big profit hit due to compensation.
Equitymaster  11 hrs ago  Comment 
Posted by Equitymaster        FEDERAL BANK share price has zoomed 6% and is presently trading at Rs 80. Meanwhile, the BSE BANKEX Index is at 28,773 (up 1.2%). Among the top Gainers in the BSE BANKEX Index today is...
WA Business News  12 hrs ago  Comment 
The banking and resources sectors are recovering after a day on the slide, with the heavyweight stocks lifting Australian shares at the open and away from a six-month low.


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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