| INSURANCE NEWS - The Banks | |
| Financial community divided on accounting rule change - Canada.com | As of: 2009-04-30 |
| Knowledge@W. P. Carey- Financial community divided on accounting rule change- Canada.com, Canada - Eoin Callan- By Eoin Callan, Canwest News ServiceApril 30, 2009 TORONTO - Canada's top accountant has caved into pressure from Bay Street and given banks and insurers extra flexibility to increase the value of assets on their books. The concession comes after chief ...- Board allows Cdn. banks US-style markdown relief New Brunswick Business Journal- all 60 news articles - | |
| Bank PPEs ample cushion against rising loan losses - National Post | As of: 2009-04-30 |
| Bank PPEs ample cushion against rising loan losses- National Post, Canada - David Pett- The pre-provision, pre-tax earnings (PPE) of Canada's banks are more than ample to cushion the impact of rising loan losses, says UBS analyst Peter A. Rozenberg. "We think that PPE are the most important line of defence against projected credit losses, ... - | |
| Creditors defend their decision to hold out on deal - National Post | As of: 2009-04-30 |
| MiamiHerald.com- Creditors defend their decision to hold out on deal- National Post, Canada- The bondholders also argued they weren't given a seat at the bargaining table and, instead, were forced to rely on a group of banks that have received billions of dollars in bailout funds from the US government, making their negotiators "a conflicted ...- New Lease On Life For Chrysler HoweStreet.com- Obama 'very hopeful' Chrysler will emerge as a viable company Canada.com- Comment by Gary Chaison Prof. of Industrial Relations, Clark University- Globe and Mailall 10,630 news articles - | |
| Banks ease off pushing credit cards on Canadians - Canada.com | As of: 2009-04-30 |
| Banks ease off pushing credit cards on Canadians- Canada.com, Canada - Misty Harris- Ian Lee, director of Carleton University's Sprott School of Business, explains the trend is the result of banks becoming more conservative about granting credit. "There's a finite amount of capital available to lend, and you've got a lot more customers ... - | |
| You may love Canada's banks now, but ... - Globe and Mail | As of: 2009-04-30 |
| You may love Canada's banks now, but ...- Globe and Mail, Canada- Something's wrong in Canada when we've learned to stop bellyaching and love our banks. The media now deify them as the ?world's soundest? and the Ontario government has even resorted to using that label as a tagline in its ad campaigns to lure foreign ...- CEOs split on broader BoC role Financial Post- all 7 news articles - | |
| US Fed sees signs recession is easing up - Hamilton Spectator | As of: 2009-04-30 |
| BBC News- US Fed sees signs recession is easing up- Hamilton Spectator, Canada- Against that backdrop, Fed chairman Ben Bernanke and his colleagues left the central bank's key interest rate at a record low of between zero and 0.25 per cent, and decided against taking any new steps. Aggressive action already taken, including a $1.2 ...- Money Multipliers, Velocity, and Excess Reserves HoweStreet.com- Fed preview: Debate over inflation risk continues Canada.com- Fed says US decline slowing; no further debt buying Financial Post- all 2,024 news articles - | |
| Lewis ousted as Bank of America chairman, stays as CEO - Financial Post | As of: 2009-04-29 |
| Telegraph.co.uk- Lewis ousted as Bank of America chairman, stays as CEO- Financial Post, Canada - Jonathan Stempel- Jason Miczek/ReutersA protester wearing a Ken Lewis mask gestures in front of "pink slip" for Bank of America Chairman, CEO and president Ken Lewis outside Bank of America's corporate headquarters during the bank's ... CHARLOTTE, NC -- Bank of America ...- Bank of America delays release of votes on Lewis, directors CFTKTV- all 1,580 news articles - | |
| Premarket: Banks fall ill - Globe and Mail | As of: 2009-04-28 |
| Straits Times- Premarket: Banks fall ill- Globe and Mail, Canada - David Berman- Concerns about the swine flu and the health of US banks dealt global stock market indexes a double whammy on Tuesday morning, extending volatility that began on Monday. US stock index futures were down sharply for the second day in a row. ...- Closing Market Recap: Stocks Rebound, Oil Slides, Canadian Dollar ... CEP News- Citigroup, Bank of America need capital: report Canada.com- Citi and BofA may need more capital after stress tests Reuters Canada- CanadianBusiness.com - ReportonBusiness.comall 1,402 news articles - | |
| Bank of Canada readies new weapons to fight record slump - Globe and Mail | As of: 2009-04-23 |
| CTV.ca- Bank of Canada readies new weapons to fight record slump- Globe and Mail, Canada- OTTAWA ? Canada's gross domestic product contracted at the fastest pace on record in the first quarter, reflecting a new economic reality of fewer jobs, lower profits and weaker spending, the Bank of Canada said Thursday. ...- Bank of Canada sets stage for new and different activity in ... Metro Canada - Toronto- BoC stuns on GDP, but cautious on 'easing' Financial Post- Terence Corcoran: Quantitative schemes at the Bank of Canada National Post- CBC.ca - Globe and Mailall 750 news articles - | |
| Shoulder more risk, banks urge governments - Globe and Mail | As of: 2009-04-23 |
| Shoulder more risk, banks urge governments- Globe and Mail, Canada- Governments in Canada must help banks by taking on more risk on infrastructure projects or face losing some access to international financing for major works, bankers caution. Bankers say Canada must update its public-private partnership system, ... - | |
| US credit card firms push for access to debit - Globe and Mail | As of: 2009-04-23 |
| CBC.ca- US credit card firms push for access to debit- Globe and Mail, Canada- Canada's electronic payments system is set to undergo a major evolution in the next year or so, one that will change the way consumers pay for goods and services, and the way banks and businesses market to them. But the move is now coinciding with a ...- Credit card companies get a dressing down in Ottawa Financial Post- Card costs: who pays what to whom CBC.ca- Debit feud hits public stage Canada.com- Reuters Canada - Metro Canda - Edmontonall 266 news articles - | |
| Congress to Investigate Credit Card Indignities - DigitalJournal.com | As of: 2009-04-23 |
| Congress to Investigate Credit Card Indignities- DigitalJournal.com, Canada- Credit card companies and banks have recently raised rates. Due to public outcries Congress has decided to investigate. That's important since the problem could become grave. Bill and Sue can't get out of debt. Why? Because after they make a payment, ... - | |
| Debt players watching CanWest with eyes on the prize - Globe and Mail | As of: 2009-04-23 |
| Debt players watching CanWest with eyes on the prize- Globe and Mail, Canada- The first chat was with a senior executive at a bank with a loan - a very small loan - outstanding at CanWest. With the company in breach of covenants on this debt, I asked why the bank didn't simply call the loan, and seize what looks to be an ... - | |
| Athletes muscle up for food bank - The Beacon Herald | As of: 2009-04-23 |
| Athletes muscle up for food bank- The Beacon Herald, Canada- We're putting on five shows throughout the province in the coming months and we'll be making similar donations to the local food banks in each of those communities." Morris said the downturn in the economy played a part. "With things the way they are ... - | |
| IMF sees ?severe recession' - Globe and Mail | As of: 2009-04-22 |
| Telegraph.co.uk- IMF sees ?severe recession'- Globe and Mail, Canada- The IMF's expectations for this year are in line with newly released projections from the Bank of Canada for a three per cent contraction in 2009. However, the central bank sees a faster recovery next year, with 2.5 per cent growth. ...- IMF estimates for asset writedowns climb to US$2.7 trillion Investment Executive- US$4.1-trillion in writedowns required: IMF Canada.com- World economy in severe recession, IMF says Reuters Canada- Winnipeg Sun - Globe and Mailall 2,220 news articles - | |
| Blame oil, not banks, for recession - Globe and Mail | As of: 2009-04-22 |
| Blame oil, not banks, for recession- Globe and Mail, Canada- Further, US bank failures didn't occur until September, 2008, almost a year after Europe slipped into recession. Mr. Reynolds does not deny the US housing boom, and eventual bust, of 2002 to 2008. He simply argues that it wasn't the housing boom that ... - | |
| Banks spanked - Globe and Mail | As of: 2009-04-22 |
| Banks spanked- Globe and Mail, Canada- If you're looking for a reason why you shouldn't hop on board the rally in US bank stocks ? some of which have tripled in value from their lows ? The Wall Street Journal's Brett Arends has 10 of them. Reasons No. 2 and No. 5, below, are particularly ... - | |
| What the #!%* is the deal with the Bank of Canada cutting interest ... -... | As of: 2009-04-21 |
| CTV.ca- What the #!%* is the deal with the Bank of Canada cutting interest ...- National Post, Canada- Today, James Cowan on bank rates. The Bank of Canada Tuesday cut its key interest rate to 0.25%. What does that mean? As the country's central bank, the Bank of Canada is responsible for improving the performance of the economy by managing the supply ...- Bank of Canada cuts key interest rate to 0.25% CBC.ca- Mark Carney completes his transformationi to the dark side Canada.com- BoC turns bearish as 'green shoots' of economic recovery appear Financial Post- Globe and Mail - Financial Postall 521 news articles - | |
| US Treasury Secretary Says Most Banks Have Sufficient Capital - CEP News | As of: 2009-04-21 |
| Voice of America- US Treasury Secretary Says Most Banks Have Sufficient Capital- CEP News, Canada- (CEP News) - The majority of US banks have more capital than they need, Treasury Secretary Timothy Geithner said before the TARP's Congressional Oversight Panel on Tuesday. Uncertainties surrounding the banking system have caused banks to withhold ...- US banks have adequate capital: Geithner Canada.com- Geithner defends bank bailouts Globe and Mail- Forex News and Rumors - Afternoon Update OANDA Forex Blog- CEP News - CEP Newsall 1,979 news articles - | |
| IMF: Feared, then ignored - Globe and Mail | As of: 2009-04-21 |
| Straits Times- IMF: Feared, then ignored- Globe and Mail, Canada- US and European banks need to raise another $875-billion (US) by next year to recapitalize at precrisis levels. As well, global financial firms will face total losses of $4.1-trillion (that's trillion) by 2010 ? about four times what has already been ...- IMF estimates for asset writedowns climb to US$2.7 trillion Investment Executive- IMF: Losses from global credit crisis mounting Winnipeg Sun- all 803 news articles - | |
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