Tag: Banking

May 2

Macklem defends Bank of Canada’s two per cent inflation target at Senate committee

Breadcrumb Trail Links News Economy Banking Senators questioned whether Bank of Canada should just change its inflation target to give Canadians relief on high mortgage rates Get the latest from Barbara Shecter straight to your inbox Sign Up Published May 01, 2024  •  Last updated 1 hour ago  •  4 minute read Bank of Canada Governor […]
Mar 1

Canada’s big banks weathering the storm as credit strain mounts

Breadcrumb Trail Links Finance Banking All but one of the big six beat expectations despite growing loan loss provisions Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s six big banks appear to be weathering a softening economy brought on by higher interest rates. Photo by Peter J Thompson/National Post Article […]
Feb 27

Full hit of commercial real estate losses for banks still to come

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post […]
Jun 13

Banking headwinds just getting started, so hold off buying the Big Six

Breadcrumb Trail Links Finance Banking Slowing pace of mortgage growth one of the early signs Get the latest from Stephanie Hughes straight to your inbox Sign Up Canada is still in the early innings of a credit cycle that could weigh on the Big Six banks. Photo by Tijana Martin /THE CANADIAN PRESS Article content […]
Apr 29

Silicon Valley Bank crisis shows regulators can’t be complacent in digital age, OSFI head says

Breadcrumb Trail Links News Finance Banking Rapid deposit flight requires more financial oversight Get the latest from Stephanie Hughes straight to your inbox Sign Up Peter Routledge, head of OSFI, said there is more regulators can do to manage the rapid outflow of deposits that led to the failure of Silicon Valley Bank. Photo by […]
Jan 25

Chrystia Freeland finally offers plan to help Bank of Canada cover its losses

Breadcrumb Trail Links Finance Economy Banking Legislative tweak will allow Bank to get rid of its first red ink in history Finance Minister Chrystia Freeland has told Bank of Canada governor Tiff Macklem that the government will amend legislation so that the central bank can keep earnings to offset its losses. Photo by REUTERS/Blair Gable […]
Jun 12

DHFL administrator R Subramaniakumar is RBL Bank chief

The Reserve Bank of India (RBI) has cleared the appointment of R Subramaniakumar as managing director and chief executive officer of RBL Bank for a period of three years, the lender said on Saturday. Subramaniakumar has earlier overseen the insolvency process of Dewan Housing Finance Corporation (DHFL) in his capacity as administrator. “Please note that […]