Emerging middle class needs banking and insurance services; a culture of saving lends itself to investing and planning
Regulators will soon start to look at this recommendation — and others — concerning incidental sales of insurance
M&T Bank Corp. today announced that it is entering the Canadian commercial banking market, and will open an office in Ontario to serve Canadian businesses.Pending final regulatory approval, Buffalo, N.Y.-based M&T will open a commercial office in the Toronto area by the end of the year, it said. The operation will be M&T’s first commercial […]
If there’s one lesson that everyone who toils in Canada’s financial services industry eventually must learn, it’s to never underestimate the banks. It may take them longer than they’d like, but time and time again they’ve shown the ability to adapt and conquer.The banks have one obvious advantage over their competition in almost every segment […]
Competition Policy Review Panel report calls for increase in foreign investment
Goal is to raise banks’ resilience to liquidity stress
Regulator enhances disclosure requirements
Report lays out framework for analyzing risks, along with specific recommendations to address them
A number of pressure points continue to build for major UK banks and 2008 performance is likely to be weaker, says Fitch Ratings in a special report.The rating agency said that in 2008, earnings have been, and will be, negatively impacted by write-downs due to US subprime and related credit exposures and the slowdown in […]
Economies have been built on the availability of cheap credit