ABN ratings likely to benefit
ABN to sell Lasalle Bank to Bank of America
Canadian financial institutions can add more foreign experts to their boards
Refinement of JDA methodology results in upgrades and downgrades
Banking in China is inefficient and ill-equipped to handle the country’s emerging complex market system, says a new report commissioned by the Asia Pacific Foundation of Canada.The question is whether the banking system can fundamentally change in ways that effectively serve the industrial and social needs of China, to foster balanced growth and economic stability.“Bank […]
But more challenges, especially those relating to the International Financial Reporting Standards and Basel II, are still to come
Sustained high global credit growth is stretching an increasing number of developed country banking systems, including Canada’s, and remains a concern, says Fitch Ratings in a new report.“Median real global credit growth was sustained at over 11% last year — its highest since the eve of the Asian crisis in 1997” says Richard Fox, senior […]
Fitch Ratings says that the announcements by banking giants, Barclays PLC and ABN Amro Holding NV, that they have entered into exclusive preliminary discussions regarding a potential combination of the two organizations does not have an immediate impact on either bank’s ratings.The announcements were scant in detail and it is possible that no deal will […]
New ratings will more closely reflect financial strength
New service pioneers cross border client credit references