Authors: Bill Bradway, Jeanne Capachin, Barry Rabkin, Patricia McGinnis, Dana Gould, Marc DeCastro, Karen Massey, Robert Burbach

Perspective
August, 2008  -  Doc # FIN213738
Number of Pages: 7

This Financial Insights Perspective provides the FinSights Advisor's weekly perspective on the financial services industry. It provides financial institutions with timely guidance about maximizing one's technology investments. This week's issue focuses on earnings of the top U.S. banks. Bank and thrift earnings (2Q08) continue to suffer from the credit market meltdown — causing loan loss provisions to soar and asset write-downs to accelerate at many large U.S. institutions. What changes will banks consider making? Are any banks going to be winners? What will happen to IT initiatives, spending, and the FinTech vendors?

This Perspective will describe the current wide range of institution profitability and the business and operational alternatives that banks consider when earnings are stressed or outright losses occur. As this volatile cycle unfolds, there is bound to be an impact on plans, investments, and budgets. Being nimble could mean the difference between gaining, or losing, ground in the marketplace. If uncertainty surrounds the banks and their alternatives, how can FinTech vendors make the most in this environment?

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