FSA extends sales probe to seven more banks
TD Canada Trust, ING Direct Canada rank highest in customer satisfaction
Research finds that when the financial sector represents more than 3.5% of total employment, further increases in financial sector size tend to be detrimental to economic growth
Retail loan growth to likely to decline; low interest rates will remain a hindrance to growth
The Federal Reserve Bank of New York said Friday that it received reports of problems with the setting of the London Interbank Offered Rate (Libor) back in 2007, before the issue first came to public attention. The New York Fed issued a statement indicating that as part of its market surveillance efforts following the onset […]
Big banks will look for ways to cut costs, report says
As they face a prolonged low interest rate environment, U.S. banks are likely going to undergo more balance sheet restructuring in the months ahead, says Fitch Ratings in a new report. The rating agency says that the long period of low rates continues to pressure the banks’ net interest margins and investment yields. “Absent a […]
Banks in developed markets took the lion’s share of downgrades in in the second quarter
FAIR Canada says the proposals fall short on being “pro-consumer”
Banking products such as loans and deposits represent a large part of new bank’s portfolio