The federal government unveiled the Business Credit Availability Program (BCAP) website on Tuesday.“I would invite Canadian businesses who are looking for new credit solutions to visit the BCAP website,” said Finance Minister Jim Flaherty, in a release. “Ensuring access to credit is one of our main priorities in taking action on the Canadian economy.”The BCAP […]
Fitch Ratings has placed the ratings of nine U.S. banking companies and their subsidiaries on Rating Watch Negative, based in its view that they may be more vulnerable to the credit cycle, the rating agency said Friday.The affected banks are: BB&T Corp., Discover Financial Services, Fifth Third Bancorp, KeyCorp, M&T Bank Corp., Popular, Inc., Regions […]
Despite the cautious optimism creeping into the financial markets following the U.S. bank stress tests, Standard & Poor’s Ratings Services says it believes that banks are far from a recovery, and the banking crisis has merely entered a new phase.The rating agency notes that it’s still difficult to predict how long this latest phase will […]
Dickson ponders whether it is possible to overcome human nature and the strong influence of incentives
Prolonged crisis has stretched government resources
Wells Fargo, Morgan Stanley to issue common shares
Stronger dollar and government bond selling reflect greater optimism, Shenfeld says
Measure will help stimulate Canada’s manufacturing sector, Clement says
Regulators call on banks to raise US$75 billion
Clarification on MFDA dues and the right degree of oversight are issues for small firms
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