The U.S. government’s Troubled Assets Relief Program (TARP) is a positive for banks that tap the program, says Moody’s Investors Service in a new report. However, TARP likely won’t affect bank ratings.“The TARP capital injection is coming at a time when banks have limited, if any, access to capital,” says one of the report’s authors, […]
Goal is to help ensure that the banking sector serves its traditional role as a shock absorber to the financial system
Fitch Ratings has updated its criteria for rating banks in response to recent developments in the banking industry, the ratings agency said Wednesday.While Fitch has not significantly changed its methodology for rating banks, it has adapted its criteria to address developments in the banking market over recent years, the rating agency said. “As risks in […]
Aegon NV, the Netherlands-based owner of Transamerica, announced that it is examining the possibility of acquiring a thrift in the United States, which may allow the company to qualify for the U.S. government’s bank bailout.The company said it has no need for additional core capital beyond the 3 billion euros (US$3.7 billion) secured from the […]
Agencies call on banking organizations to review management compensation policies
Despite the havoc wrought by the credit crisis, four of the major diversified banks appear to have a bright future
Getting the banks to lend to one another is just the first step
Some analysts have concerns, but Canada’s banks are among the most solid bets in the global financial services sector
Access to credit and face-to-face relationship are the two most important factors
Fitch Ratings says that the unsettled operating environment and the uncertain global economic outlook may continue to impact bank credit risk profiles.During the third quarter there was an acceleration of the negative shift in ratings with almost four times as many negative rating actions as positive, it reports. At the same time, there were almost […]