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Former City minister, appointed as sole independent director in wake of bank's crisis, under pressure from regional boards Lord Myners is facing calls to rethink his initial proposals to reform the Co-operative Group from members of the regional...
Forbes  5 hrs ago  Comment 
Based on our estimates that the bank will report a net income of $3.8 billion this year, the proposed plan represents a payout ratio between 45-50% for this year.
The Hindu Business Line  6 hrs ago  Comment 
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DailyFinance  6 hrs ago  Comment 
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The Hindu Business Line  6 hrs ago  Comment 
The State Bank of Travancore (SBT) has tied up with SBICaps Securities for handling demat and trading accounts on behalf of the bank’s customers. Announcing this, a spokesman of the bank said here...


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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