The big banks are the canaries in the coal mine of Canadian corporate governance. As a result of the shareholder proposals they receive, the banks are often among the first public companies to detect the hot issues of the day. This year, the canaries are facing a variety of new activist emissions, including initiatives to […]
Fitch Ratings foresees an increase in negative ratings actions in the year ahead.Given the likelihood of a slowdown in economic growth, continuing elevated levels of market risk, and a move away from the very low levels of credit defaults seen since 2004, the rating agency predicts these factors will all likely contribute to a continuing […]
Life insurers may be better positioned than the banks, with little or no exposure to credit problems. Plus they are well managed
Negative rating actions are likely if volatile market conditions persist
$89 million worth of debentures outstanding
Bank has completed two acquisitions and one more is pending
The banking sector is facing liquidity problems, not a solvency crisis, says the CEO of the Bank of Nova Scotia. “This is not about fighting inflation,” Rick Waugh told a bank CEO conference today in Toronto. “This is just about making sure the system is liquid.”The bank bosses agree that recent liquidity injections into the […]
Global study highlights weak climate change governance practices
Any regulatory system that promotes growth necessarily accepts a risk of a meltdown
Tight credit conditions will persist well into 2008