The Effect of 2008 Financial Crisis on Jordan Banks Profit (Reviewed)

Abstract

This study aims to focus on the effects of late global financial crisis on Jordan’s banking sector and how Jordan’s banks acted after the global financial crisis. Researchers have used data form a selected set of Jordanian commercial banks and tests used were correlation coefficient test, and simple regression in analyzing this effect. Study results revealed that there was no significant impact of the late global financial crisis on the net income of Jordan banks. The study recommended the need to develop and initiate laws and regulations that will curb and minimize the effect of sudden financial crises which might occur on the financial sector in general and the banking sector in particular.