Rating agency cites growing economic pressure on banks and insurers
New Canadian guidelines take effect Jan. 1, but other jurisdictions face delays implementing Basel III
U.S. banking giant looking to lower expenses
Exchange Bank of Canada aims to become the leading banker’s bank for foregin exchange products and services
Biggest banks to stick with dispute resolution service though fiscal 2013
Developed markets lead downgrades
Earnings growth will likely moderate in 2013, as the banks face a less favourable economy
Future regulatory fines would be less likely to affect ratings
Although four of the big U.S. banks still face significant challenges, there are several reasons to be optimistic about them
Designation may affect their ability to raise dividends