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The Economic Times  4 hrs ago  Comment 
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guardian.co.uk  Apr 15  Comment 
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The Hindu Business Line  Apr 15  Comment 
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Yahoo  Apr 15  Comment 
Your IRS tax refund will typically be available within 21 days if you file electronically. Filing taxes electronically with direct deposit ensures the refund gets to your bank account quicker, the IRS says. The IRS has resources to help you file...
The Hindu Business Line  Apr 15  Comment 
The RBI’s recent dispensations will provide only a brief respite, while doing little to restore confidence in the banking system




 
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

Investment Banks

Foreign Regional Banks

Money Center Banks

Regional Banks

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