TechCrunch  41 min ago  Comment 
 Spare5 lets businesses outsource menial tasks like tagging and describing images, cleaning up data and classifying content to smartphone users who want to earn a few cents while standing at the bus station. It’s basically a mobile-centric...  50 min ago  Comment 
MarketWatch  52 min ago  Comment 
Competition watchdog investigation follows WSJ report of major U.S. bank probe.
The Hindu Business Line  57 min ago  Comment 
YES Bank co-founder Rana Kapoor has got approval from the Reserve Bank of India for his re-appointment as MD and CEO of the bank for 3 years. This will be with effect from September 1, 20...
The Economic Times  1 hr ago  Comment 
Similarly, on the Bank Nifty, in case we start taking out, say, 17,400-17,500 that is where I would tend to cut my short positions.
BBC News  2 hrs ago  Comment 
The number of complaints about so-called packaged bank accounts has "shot up", according to new figures from the Financial Ombudsman.
Clusterstock  2 hrs ago  Comment 
Ollie Purdue finished university only last year, but he's about to launch a student money management startup that's raised £200,000 ($316,000) on the strength of little more than an idea. Loot Bank is a smart money management app for students,...
The Economic Times  3 hrs ago  Comment 
My sense is that portfolio positioning continues to remain defensive. At this point, one has to be defensive. One cannot really bottom fish at this point.  3 hrs ago  Comment 
In Rwanda, only 35% of women have a bank account. This is holding some women back from developing their own businesses Rwanda wants to have 90% of its population living within 5km of a bank by 2020. This is a bold goal by the Rwandan government,...
Reuters  8 hrs ago  Comment 
The Swiss blue-chip SMI was seen opening 0.6 percent higher at 8519 points on Tuesday, according to premarket indications by bank Julius Baer .


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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