Global Banking Industry Outlook: Issues On The Horizon
- Topics:
- Commercial Banking
- Tags:
- Banking,
- Capital Structures,
- Credit Crisis,
- Deloitte Touche Tohmatsu,
- Finance,
- Financial Services,
- Investment,
- Mortgages
- Source:
- Deloitte Touche Tohmatsu
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Overview: The global banking industry weathered turbulent times in 2007 and early 2008. After rising interest rates and a decline in U.S. housing prices drove increased defaults among sub prime borrowers, investors rapidly lost their appetite for securities based on sub prime mortgages and soon for other securitized assets as well. Given the integration of capital markets, the impacts quickly ricocheted around the world, affecting banks, securities firms, and hedge funds in the United States, Europe, and Asia. The credit crisis has created an unsteady environment for the industry, with each week seeming to bring new developments.
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Format: PDF | Size: 1,198KB | Date: Jun 2008 | Pages: 20



