RECENT NEWS
Clusterstock  10 hrs ago  Comment 
UBS is on the lookout for the next generation of dealmakers in the US. Business Insider recently sat down with Andrea Orcel, the head of UBS' investment bank, and asked about the firm's plans for its US business.  The bank finished 2016...
The Economic Times  10 hrs ago  Comment 
With major economies faltering, India finds itself in a sweet spot and the ideas and insights generated at GBS debates will help script the India story better.
Financial Times  12 hrs ago  Comment 
As the bank faces its ninth straight loss, can McEwan hang on at the helm?
guardian.co.uk  Feb 19  Comment 
Boardroom pay, litigation and losses to come under spotlight as Britain’s top lenders post financial results this week Britain’s major banks will be in the spotlight this week as they unveil their full year figures, with Royal Bank of...
The Times of India  Feb 19  Comment 
"The bank has crossed total business figures of Rs 3.59 lakh crore with total deposits being Rs 2.10 lakh crores as on December 31, 2016," Deputy General Head and Cluster Monitoring Office Head of OBC, Dinesh Kumar Vishnoi told PTI here on the...
Yahoo  Feb 19  Comment 
The private banking arm of Singapore’s second-biggest lender OCBC (OCBC.SI) is targeting annual growth of assets of more than 20 percent from its new office in Dubai, which it aims to use to attract wealthy clients from the Middle East and...
The Economic Times  Feb 19  Comment 
Serving or retired teachers, professionals, bank and government officials as well as defence persons can apply for the opportunity.
The Economic Times  Feb 19  Comment 
Turning from a microcredit institution to a universal bank within one-and-half-years, Ghosh believes serving those at the "bottom of the pyramid" is the right strategy to expand business for a bank.
Clusterstock  Feb 19  Comment 
Over two-thirds of bankers and financial services workers are "bored" in their jobs, according to new research released by salary benchmarking site Emolument. Emolument surveyed 1,300 professionals across a wide range of jobs areas, and the...
Benzinga  Feb 19  Comment 
To get you prepared for the 2017 Benzinga Global Fintech Awards, Benzinga will profile the daily schedules of select fintech leaders whose companies have applied. For this installment, we spoke with SAF Platform CEO Rafay Farooqui. SAF Platform...




 
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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