Impeding regulatory changes are forcing European Banks to drastically reduce their exposure to real estate loans. Read: Fitch downgrades 18 banks New rules, which will increase the amount of capital banks are required to hold against commercial property loans, triggered a deleveraging process that could lead to lenders shedding €20 billion ($25.5 billion) worth of […]
More than half of Canadians say they’re on track to pay off debt in 2012, finds an ING DIRECT survey. Only 23% say they’re nowhere near paying off credit cards and loans. Read: Help clients become debt-free faster Also, 62% say they save money on an annual basis, and 78% save at least $1,000 each […]
Large U.S .corporations are beating the path to Chinese banks in a bid to secure additional funding sources. In an arrangement that works both ways, U.S. multinational companies are seeking to increase their presence in the world’s second-largest economy, which in turn provides opportunities for Chinese banks to strengthen their clout with large multinationals and […]
Unitholders have okayed GrowthWorks Canadian Fund’s redemption management plan (RMP). But the Toronto-based fund is still waiting to see if regulators will follow suit.
For the 14th consecutive quarter, the prescribed rate on spousal loans is staying at 1%.
B2B Trust has signed an agreement with Sentry Investments for the distribution of investment and RRSP loans, with B2B Trust offering preferred rates to Canadian investors buying Sentry mutual funds.