CCMR report makes 57 recommendations to address system’s shortcomings
CLIAF will ensure that Canadian life insurers have access to wholesale debt markets on competitive terms
GDP expected to fall 2.5% in 2009 before rising 1.2% in 2010
Better than expected profits recorded by U.S. banks in the first quarter will be tough to sustain as credit quality deteriorates, cautions Fitch Ratings.Credit losses at major banks continue to rise while strength from market-base revenues, such as mortgage origination and fixed income trading, are not likely to persist, the rating agency cautioned.It also noted […]
Financial crisis easing, Geithner says
Central banks will not forget to shut off the liquidity taps when additional stimulus is no longer required
The federal government unveiled the Business Credit Availability Program (BCAP) website on Tuesday.“I would invite Canadian businesses who are looking for new credit solutions to visit the BCAP website,” said Finance Minister Jim Flaherty, in a release. “Ensuring access to credit is one of our main priorities in taking action on the Canadian economy.”The BCAP […]
Fitch Ratings has placed the ratings of nine U.S. banking companies and their subsidiaries on Rating Watch Negative, based in its view that they may be more vulnerable to the credit cycle, the rating agency said Friday.The affected banks are: BB&T Corp., Discover Financial Services, Fifth Third Bancorp, KeyCorp, M&T Bank Corp., Popular, Inc., Regions […]
Despite the cautious optimism creeping into the financial markets following the U.S. bank stress tests, Standard & Poor’s Ratings Services says it believes that banks are far from a recovery, and the banking crisis has merely entered a new phase.The rating agency notes that it’s still difficult to predict how long this latest phase will […]
Dickson ponders whether it is possible to overcome human nature and the strong influence of incentives