BBC News  6 min ago  Comment 
A businessman who wrote a government report that criticised RBS has been told he can no longer remain a customer of the bank, Panorama learns.
The Straits Times  29 min ago  Comment 
November 25, 2014 1:06 AM A BOUT of profit-taking in banking and telecommunications counters offset positive leads from Asia to send local shares into negative territory yesterday.
The Hindu Business Line  2 hrs ago  Comment 
Bankers’ group recommends to Govt
MarketWatch  3 hrs ago  Comment 
Caesars Entertainment Corp. said in a regulatory filing that it believes that UMB Bank's claim that it defaulted on certain senior secured notes is "meritless." The casino operator said UMB claims certain asset sales and transactions with...
Forbes  3 hrs ago  Comment 
I'm a big believer in two fundamental things with credit cards: 1) never pay interest on monthly balances by paying them off in full and 2) get the bank to pay you back.
The Economic Times  4 hrs ago  Comment 
The farm output may have risen to 2.6 per cent, slower than 3.8 per cent in the first quarter, on account of below-normal Southwest monsoon.
The Australian  5 hrs ago  Comment 
David Murray has used his final outing before the release of his financial report to call on banks to prioritise culture.
The Australian  5 hrs ago  Comment 
BIG banks should be banned from offering bundled banking and employee super services to business, industry super funds have said.
Benzinga  5 hrs ago  Comment 
The euro began the week below $1.24 on speculation that the European Central Bank will ease further at its December meeting. The common currency traded at $1.2378 at 7:00 GMT on Monday morning as investors analyzed comments made on Friday by ECB...


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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