Yahoo  9 hrs ago  Comment 
Germany's financial watchdog Bafin has cleared Deutsche Bank's former co-chief executive Anshu Jain of lying to the Bundesbank during investigations into interest rate manipulation, the Financial Times reported on Saturday. Citing a copy of a...
The Times of India  11 hrs ago  Comment 
As part of its technology initiatives for meeting requirements of MSME clientele, city based private sector bank — Karnataka Bank Limited has launched an online loan application submission and credit proposal tracking system powered by LAPS for...
SeekingAlpha  12 hrs ago  Comment  Jul 25  Comment 
LONDON (dpa-AFX) - There is no need for an interest rate hike soon in the U.K., Bank of England's Chief Economist Andy Haldane told BBC Newsnight. Haldane repeated that rates could go up or down in the future and that he thought the current...
The Hindu Business Line  Jul 25  Comment 
Andhra Bank’s net profit increased 89 per cent at Rs 203 crore in the first quarter ended June 30, 2015, compared to Rs 107 crore in the corresponding quarter last year. The growth in net...
The Economic Times  Jul 25  Comment 
It's currently the No. 1 firm in tech banking, according to data from Dealogic, raking in $328 million in revenue from tech deals.  Jul 25  Comment 
A year since the bank collapsed, Ricardo Salgado has been questioned by a state prosecutor amid suspicion of forgery, breach of trust and tax evasion The former head of Portugal’s Banco Espirito Santo, Ricardo Salgado, was put under house...  Jul 25  Comment 
BRUSSELS (dpa-AFX) - The European Commission Friday said it has opened an in-depth investigation to assess whether state aid granted by Portugal to Banco Internacional do Funchal S.A (Banif) was compatible with EU State aid rules. In particular,...  Jul 24  Comment 
Andy Haldane criticises firms for not prioritising profits, with money going to dividends instead of job creation or salary increases British businesses are giving too much money to shareholders and not investing enough, the Bank of England’s...
The Times of India  Jul 24  Comment 
HDFC Bank is working on an ambitious plan to get the thousands of ‘vintage businesses’, which are its customers, to sell their wares on a new online platform that the bank will launch in a couple of weeks. The products will be made available...


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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