Bank Finance Dashboard

Banking Forecast: Rain Ahead

Banks report record losses (some may fail), the dollar is devalued and the Federal Reserve may offer another rate cut. On the heels of the FDIC’s Quarterly Banking Profile Report for quarter 4 2007 the US Federal Reserve is considering another rate reduction, not to mention that the dollar has slumped to new lows in the Foreign Exhanges (FOREX). Oh, did we mention that subprime was the word of the year for 2007?...