Chinese banks have made impressive strides and have significantly improved the sector’s risk profile, says Fitch Ratings in a new report. However, the agency also cautioned that despite this improvement, Chinese banks continue to face serious challenges and banking industry risk remains one of the largest vulnerabilities facing the economy.“Key weaknesses include widespread corruption and […]
Mechanisms are in place to ensure that banks maintain a solid capital base
U.S. regulators preparing guidelines
Second quarter should bring positive earnings news
Bank branch restrictions not protecting consumers
Credit cards and electronic financial services spur growth
But CBA accuses Advocis, CFIB of fear-mongering, doing consumers a disservice
Canadian banks struggle with “legacy” systems
Supreme Court hears arguments in landmark insurance jurisdiction case
Rule would require large banks operating in the U.S. to enhance risk measurement, management