U.S. banking crisis averted, but challenges remain
Regulators prevented bank runs in wake of SVB, but rating agencies say funding and liquidity problems persist
- By: James Langton
- March 14, 2023 March 14, 2023
- 13:16
Jobless rates remain near record lows amid still-tight labour markets
The Fed may get some unintentional help in its inflation fight from the aftereffects of the SVB collapse
The Finance Department is studying RRIFs in response to a House of Commons motion
Investors and supervisors need data on underlying assets, regulators say
Quebec court cites statutory immunity in dismissing claim
Canadian banks are much less exposed to the technology sector
The legislation offers about $375 billion in tax credits to help the U.S. clean energy industry
Disposable income increased 3% while household credit market debt edged up 0.8%
The firm appointed Terrence Lyons as director and member of the committee evaluating the bid
Peter Routledge stressed that SVB in Canada does not take deposits from Canadians
Rep fined, banned after borrowing from clients, misleading dealer
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