RECENT NEWS
guardian.co.uk  34 min ago  Comment 
Academics say working out card number, expiry date and security code of Visa card takes ‘as little as six seconds’ A team of academics claims an unsophisticated type of cyber attack that exploits “flaws” in the Visa card payment system...
Financial Times  1 hr ago  Comment 
Bank’s decision to amend board structure will add to pressure on US rivals
Reuters  3 hrs ago  Comment 
* Newstar financial inc - deal for approximately $140 million in cash.
The Economic Times  5 hrs ago  Comment 
According to revised norms, the sum of all exposures of a bank to a single business entity must not be higher than 20% of a bank’s available and eligible capital base at all times.
The Economic Times  5 hrs ago  Comment 
Most economists believe a 25-bps rate cut to be a certainty next week as the central bank needs to support SMEs which have been hit by demonetisation of high-value notes.
The Times of India  7 hrs ago  Comment 
State Bank of India (SBI) chairperson Arundhati Bhattacharya on Thursday said the bank will come up with a mobile wallet for feature phone by first half of this December. She said the bank has already launched a mobile wallet ‘State Bank...
The Hindu Business Line  7 hrs ago  Comment 
The acquisition expected to be completed by March next, says top official
DailyFinance  8 hrs ago  Comment 
Filed under: News, Crime Police arrested a suspected bank robber and freed 11 people who were briefly taken hostage during an attempted heist at a bank in Jacksonville, Florida on Thursday, authorities said. The Jacksonville Sheriff's...
Clusterstock  8 hrs ago  Comment 
Agustín Carstens, the governor of the Bank of Mexico will leave his role and take over as the next general manager of the Bank for International Settlements (BIS) in October 2017, it was announced on Thursday. Carstens will leave his current role...




 
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

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Foreign Regional Banks

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Regional Banks

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