Banks, insurers tend to benefit from higher rates even as financial stress builds, rating agencies say
Declining net interest income and rising credit stress to weigh on results in 2024
JP Morgan tops global league tables while RBC leads local trio
Equity issuance surged 37% in 2023; debt up 19% from previous year
Only $202 million was raised in 51 initial public offerings, according to market research firm
Regulators make case for greater supervisory and enforcement powers
Outlook shifts to neutral as banks adapt to higher rate environment
Margin pressures, slowing loan growth and rising capital demands to continue
Strong trading activity offsets weakness in underwriting, M&A
Sales and trading revenue likely flat in Q3, while new issue and deal activity rose, Moody's says