U.S. banking sector stress poses downside risk
Regulators prevented broader crisis, but balance sheet risks still lurk, Moody's warns
- By: James Langton
- April 13, 2023 April 13, 2023
- 15:08
Regulators prevented broader crisis, but balance sheet risks still lurk, Moody's warns
Assets under management were $73 billion at the end of the year
Stronger trading results would help offset declines in new issue, M&A activity
Further upward pressure on rents is expected in the coming months
Regulators consult on two options for enhancing diversity reporting
Adam Elliott will transition from president and CEO of iA Clarington Investments
Plunging energy prices pulled the producer price index down 0.5%
The bank provided US$42 billion in fossil fuel funding last year
Government seeks to develop Islam-compliant mortgages in regulatory testing ground
Current RRIF minimum withdrawal rules put seniors at risk of outliving their savings
Proposals would require decarbonization targets to be disclosed, among other revisions
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales