Mondo Visione  24 min ago  Comment 
Almost two-thirds of corporates in Asia Pacific lack a transparent line of sight to their real-time cash positions, according to a survey released today by Cashfac Technologies, a global leader in Cash Management solutions. High costs, proprietary...
Yahoo  26 min ago  Comment 
Credit Suisse's (CSGN.VX) new boss Tidjane Thiam could cut almost 3,000 jobs from its investment bank, or 15 percent of staff, as part of a shift of capital away from trading desks to private banking in Asia, analysts said. Thiam could cut 150...
SeekingAlpha  2 hrs ago  Comment 
Wall Street Journal  48 min ago  Comment 
The Australian  4 hrs ago  Comment 
COLES is targeting a bigger slice of the $150bn finance industry, applying for a new trademark to offer banking and insurance.
Clusterstock  5 hrs ago  Comment 
By David Henry NEW YORK (Reuters) - Big U.S. banks, including JPMorgan Chase & Co and Citigroup Inc , are expected to win Federal Reserve backing on Wednesday to buy back more shares and increase their dividends in the coming year, but the...
The Economic Times  6 hrs ago  Comment 
The New Development Bank, as it will be called, will be headquartered in Shanghai, India has got the right to nominate the first president.
Wall Street Journal  7 hrs ago  Comment 
Spanish-language broadcaster Univision has tapped bankers to lead an IPO.
Yahoo  9 hrs ago  Comment 
NEW YORK/TORONTO (Reuters) - UBS AG has poached a U.S. team of some 15 oil and gas investment bankers from Bank of Montreal (BMO), significantly weakening the energy dealmaking capacity at Canada’s fourth-largest bank, people familiar with the...
The Hindu Business Line  1 hr ago  Comment 
WA Business News  10 hrs ago  Comment 
A senior central banker has suggested interest rates could be cut again.
Wall Street Journal  Mar 10  Comment 
Tidjane Thiam, chief executive of insurer Prudential, will replace Brady Dougan at Credit Suisse. That should be of some comfort to the Swiss bank’s shareholders, despite Mr. Thiam’s limited banking experience.


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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