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Banking Industry stories:
Japanese Banks' Ratings Raised By Nomura as 'Bad News' Ends
Nov 18th, 2009 - Bloomberg
Nov. 19 (Bloomberg) -- Nomura Holdings Inc. raised itsrating on Japan’s banking industry to “bullish” from“neutral” citing an end of bad news for lenders as capitalconcerns have been factored into their share prices.
'Too big to fail' US banking law
Nov 18th, 2009 - BBC NEWS
The House has been considering ways to overhaul the banking sector
A key US House of Representatives committee has voted to give the government the power to take apart banks that are "too big to fail".Fed Restricts Banks' Use of Overdraft Fees
Nov 12th, 2009 - Wall Street Journal
WASHINGTON -- The Federal Reserve Thursday announced new rules that will make it harder for banks to charge for certain overdraft fees, in the central bank's latest effort to enforce more consumer protections. Starting July 2010...
FDIC to require banks to prepay $45 billion to cover failures
Nov 12th, 2009 - Washington Post
The Federal Deposit Insurance Corp. will collect $45 billion from the banking industry to cover the rising cost of bank failures, an unprecedented assessment that reflects...
Bonuses could rise 40% on Wall Street
Nov 6th, 2009 - Boston
NEW YORK - Big bonuses could be back in store for some top executives and traders on Wall Street as profitability returned to the investment banking industry in 2009, according to a study released yesterday.
Banking Industry videos from YouTube:
5:42
5:51Rachel Maddow Show: Banking Industry Bailout Rip-Off
Rachel reports on the little noticed change to the tax code reversed by the Treasury Department in the middle of the bailout which might be illegal and is a tax give away to the banks. David Sirota weighs in.
9:46Future of Banking Industry
Banking industry is one of the most important aspects of any industry today. Every industry needs loans, funds... for its investment and the ultimate source of finance is the banking industry
5:27Inside Business: Outlook For US Financial Stocks; Outlook For Banking Industry In US; Outlook For The Global Banking Industry
Analysis by Scott Minerd of Guggenheim Partners; Analysis by Meredith Whitney of Oppenheimer & Co; Analysis by Harald Eggerstedt of RIA Capital
Banking Industry from WikiPedia:
A bank is a financial institution licensed by a government. Its primary activities include borrowing and lending money. Many other financial activities were allowed over time. For example banks are important players in financial markets and offer financial services such as investment funds. In some countries such as Germany, banks have historically owned major stakes in industrial corporations while in other countries such as the United States banks are prohibited from owning non-financial companies. In Japan, banks are usually the nexus of a cross-share holding entity known as the zaibatsu. In France, bancassurance is prevalent, as most banks offer insurance services (and now real estate services) to their clients.
The level of government regulation of the banking industry varies widely, with countries such as Iceland, the United Kingdom and the United States having relatively light regulation of the banking sector, and countries such as China having relatively heavier regulation (including stricter regulations regarding the level of reserves).
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