The Hindu Business Line  48 min ago  Comment 
Our BureauEastern and Southern States such as Manipur and Telangana lead the way in internet banking, although mobile banking now seems to be the pr
The Hindu Business Line  48 min ago  Comment 
Our BureauJust like in the fast-moving consumer goods (FMCG) sector, banking and access to credit too will be ‘sachetised’ to make it more accessible
The Hindu Business Line  49 min ago  Comment 
Government move aimed at speedier decision-making in loan-related matters
The Hindu Business Line  57 min ago  Comment 
With determination and tenacity, Arun Diaz pivoted to hand-hold other entrepreneurs
Wall Street Journal  2 hrs ago  Comment 
Elvira Nabiullina has earned an unusual degree of freedom to clean up Russia’s messy banking system and stabilize its economy against volatile markets and looming sanctions. Her skills have won her praise from Vladimir Putin—as well as from...
The Economic Times  3 hrs ago  Comment 
"Consortium banking is increasing risks because of delays in decision making,’’ Rajnish Kumar said.
Clusterstock  3 hrs ago  Comment 
This story was delivered to Business Insider Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. London-based neobank Monzo could become the UK's latest fintech unicorn, after lining up an investment...
New York Times  3 hrs ago  Comment 
Boyne Lester Johnston stole 260,000 Canadian dollars from a bank in Ottawa in 1958. This month, he sipped Champagne at the bank, now a hip restaurant.
Channel News Asia  3 hrs ago  Comment 
Standard Chartered will likely have to wait until the autumn at the earliest for approval from German and European banking regulators to turn its Frankfurt branch into its European Union subsidiary, a spokeswoman for the bank said on Monday.
The Hindu Business Line  9 hrs ago  Comment 
The UK has confirmed to the CBI that fugitive billionaire Nirav Modi, alleged to be the mastermind of India’s biggest banking fraud of over $2 billion


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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