Bank

Downgrade would have small impact: RBC Fallback Image Decorative pattern

Economic Indicators

Downgrade would have small impact: RBC

Canada's financial sector is ranked as one of the world’s best, says a Bloomberg Markets ranking that placed four of Canada's banks among the world's strongest. But, RBC also made Moody's tally of 17 banks and firms that may soon face downgrades to their long-term credit ratings.

May 11, 2012

2 min read

Downgrade will severely impact Morgan Stanley Fallback Image Decorative pattern

Economic Indicators

Downgrade will severely impact Morgan Stanley

Morgan Stanley says it will need an extra $7.2 billion of securities and other collateral if it's downgraded by Standard & Poor's and Moody's.

By Staff |May 8, 2012

1 min read

Goldman gains mask revenue decline Fallback Image Decorative pattern

Industry

Goldman gains mask revenue decline

On the surface, Goldman Sachs had a triumphant first quarter. The company’s first quarter results managed to beat analysts’ expectations, and the iconic Wall Street investment bank said it would raise its dividend. The demand for bond trading and debt underwriting, as well as derivatives used for hedging offset declines in other core areas of […]

April 18, 2012

3 min read

RBC and TD herald end of mortgage war Fallback Image Decorative pattern

Industry

RBC and TD herald end of mortgage war

The mortgage war reignited by BMO barely a couple of weeks ago may end sooner than expected as RBC decides to raise its residential mortgage rates, effective March 29, 2012, promptly followed by Toronto-Dominion Bank. Both RBC and TD are moving their special four-year fixed-rate mortgages up by 50 basis points to 3.49%. The rate […]

By Vikram Barhat |March 26, 2012

1 min read