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Investment banking losses

Banks and investment banks are unlikely to go under in the present market crisis but their earnings are bound to take a hit.

Deutsche Bank and Merrill Lynch are the latest additions to a growing list of investment banks hit by losses in fallout of the sub-prime crisis. Earlier, Citigroup, UBS and Credit Suisse all had issued profit warnings. Lehman is among the few banks to have weathered the storm better than expected. he losses are in billions of dollars and heads are rolling merrily.

he sources of loss in banking are the following:
Direct losses from exposure to sub-prime securitiesLoans for takeovers that have ended up on the books of banks- this will require higher allocation of capital and the terms on which these were negotiated are unfavourable in the changed context in which interest rates have shot upFee income from structured products will declinePrivate equity income will be hitInterbank financing costs are higher, this will impact margins

How to maintain out the storm? Having a large contract base helps. Further, equities contain risen too this may compensate thanks to weaker succeeded income markets. Banks intent additionally be biased to exhilarate income from emerging markets- that may easily translate the surge medially flows into markets identical owing to India additionally the boom interpolated the Sensex medially recent weeks.

Labels: Banking

Posted in Microsoft picture it! photo premium 9 on December 11, 2008
Original article: Investment banking losses
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