Large European banks lag global peers on Basel III compliance: Moody’s
Lack of progress points to weaknesses in business models and underlying profitability
- By: James Langton
- October 1, 2012 October 1, 2012
- 11:30
Lack of progress points to weaknesses in business models and underlying profitability
Signs of a slowdown could become a greater concern for the Canadian economy
Recent indicators highlight the persistent weakness and downside risks facing the global recovery
Wealthy households benefit from rebound in stock markets
Traders worried about direction of the global economy
Latest policy steps support the rating agency’s expectation that the eurozone will survive, but risks remain
Recession deepens in Europe; lower activity in Japan and China
Total value of deals rises to $79 billion
China policymakers appear committed to engineering a soft landing for giant economy
Commodity prices decline
Revised forecast calls for 1% growth in Q3
Federal Reserve Bank of Chicago recommends controls to help mitigate risks
Survey shows investors are less concerned about the eurozone
TD Canada Trust study shows most couples are financially interdependent
FedEx cuts economic forecast
Canadian dollar slips
Hong Kong moves to tighten mortgage lending
Inflation report coming Friday
Fallout would hinder growth for months
Loonie hits 13 month high
The loss of growth momentum is likely to persist in the coming quarters
P&C firms challenged by low rates, volatile stock markets and tepid domestic growth
Canadian bonds have tighter covenants, which provide more protection for investors
Differences in unemployment rates across OECD countries remain large
Rebound won’t last as M&A business remains sluggish and weakness in equity underwriting is expected to continue