Cheques under $1,500 can’t be held more than four days
Increased earnings retention, capital raises and balance sheet reductions bear fruit
Revisions aim to bring OSFI guidelines into line with reforms adopted by Basel Committee
Analyst expects much lower growth at the big banks for all of 2012
The top three issues facing the banks are regulatory uncertainty, macroeconomic conditions and pressure to grow
“A substantial leap forward in transparency” would be achieved
Early indications reveal that proposed revisions to FATCA appear to address some of the serious concerns of opposing lobbyists
Ratings agency reviews ratings for banks and securities firms with global capital markets operations
Solution designed for consumers or small services-based businesses, such as insurance agencies, who need to process cheques while on the run
Global bank ratings are expected to deteriorate further, Fitch says