U.S. banking sector facing pressure in 2023: Fitch
A U.S. recession could drive higher credit losses and hit bank earnings
- By: James Langton
- November 28, 2022 November 28, 2022
- 17:08
BlockFi claimed more than 100,000 creditors and liabilities ranging from $1 billion to $10 billion
Inflation hit 10.6% in October
Lack of jurisdiction and evidence of harm underlie the decision not to intervene
Growing services deficit and investment income turned the balance negative
Tipster gets US$20 million despite involvement and delay in reporting
Meanwhile, eliminating student loan interest would cost $2.7 billion over five years, the Parliamentary Budget Officer finds
A key question for analysts will be how much banks are profiting from their loans
The state of play of advisory, investment services from co-operatives, credit unions
The government set aside $2.8 billion over three years to cover inflation-fighting programs and payouts
Compared to the same period in the previous fiscal year, government revenues were up 18.6%
Actual assets under management of advisor aren’t always worth purchasing on their own
Oil prices wavered on uncertainty over Middle East ceasefire negotiations
Former Conservative leader Erin O'Toole joins; CEOs, union leaders among the other names
Application system for refunds launched this week
Timeline not yet established, CIRO boss says
New licensing regime approved, full compliance due by October 2027
Marc-André Gosselin and Nicolas Vincent to assume new roles in May and August, respectively
Christopher Phelan's resume suggests a keen interest in the operations of central banks
Deal offers 19% premium to Sila Realty Trust trading price on Friday
The BoC governor says technology's evolving abilities underscore importance of cybersecurity
Firm founder Danny Popescu has vacated the role to become executive chair
Plus, TD Wealth VP moves into advisor role and appointments across the industry
Plus, Designed Wealth adds advisor and inaugural taxonomy and transition planning council named
At the same time, both fund types recorded positive net sales
The data also reveals Canadians' limited knowledge of cross-border investing tax implications
ETF assets under management now sit at US$20 trillion