Canadian banks to provide financial update in Q4 results ahead of possible recession – National

Canadian banks to provide financial update in Q4 results ahead of possible recession – National

Canadian banks are set to reveal how they’re faring in the lead up to a possible recession as they report quarterly earnings this week. As central banks raise interest rates to slow inflation, economic fears have held bank stocks back compared with the overall market, so analysts will be looking to see how well set … Read more

Yes, banks profit from borrowers who are squeezed by higher rates. But there’s more to the story

Yes, banks profit from borrowers who are squeezed by higher rates.  But there’s more to the story

Dec. 7 will be a good day in Canadian banking. The Bank of Canada has an opportunity to adjust its trendsetting overnight rate that day, and an increase of 0.25 to 0.5 of a percentage point is widely expected. Like flipping a switch, banks will replicate that increase in their prime lending rate and, in … Read more

JPMorgan president Daniel Pinto says a recession is likely and markets may fall further as the Fed raises rates

JPMorgan president Daniel Pinto says a recession is likely and markets may fall further as the Fed raises rates

Daniel Pinto, co-president and chief operating officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, Oct. 18, 2019. Al-Draco | Bloomberg | Getty Images JPMorgan Chase President Daniel Pinto has vivid memories of what life is like when a country loses control of inflation. … Read more

Bank of England says pension funds were hours from disaster before it intervened

Bank of England says pension funds were hours from disaster before it intervened

Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The Bank of England told lawmakers that a number of pension funds were hours from collapse when it decided … Read more

London Banks Prepare For Possible Blackouts

London Banks Prepare For Possible Blackouts

Banking and financial firms in London are closely studying and updating contingency electricity supply plans to protect themselves and their customers in case power outages hit the UK this winter. Some banks are discussing the idea of ​​again encouraging the work-from-home policies from previous Covid lockdowns or using offsite locations, representatives of the trade association … Read more

Should I Buy Stocks Now or Wait? Weigh In Experts

Should I Buy Stocks Now or Wait?  Weigh In Experts

While stock market investors have been seeing red for a large part of 2022, Tuesday was an exceptionally bad day. The Consumer Price Index report published early Tuesday morning showed inflation is still on the rise despite the Federal Reserve continuing to raise interest rates. According to Investor’s Business Daily, this led the stock market … Read more

The European Central Bank Won’t Provide Financing For Energy Firms

The European Central Bank Won’t Provide Financing For Energy Firms

The European Central Bank will not give short-term financing to European energy firms struggling through the energy crisis, sky-high prices, and margin calls on the derivatives markets, ECB President Christine Lagarde said on Friday. “As far as the ECB is concerned, and the national central banks of the Eurosystem, of course we stand ready to … Read more

Canada’s largest banks block clients’ access to high-yielding funds

Canada’s largest banks block clients’ access to high-yielding funds

The Bay Street financial district in Toronto.Nathan Denette/The Canadian Press Several of Canada’s largest banks have blocked their financial advisers from offering clients certain high-interest cash funds during a period in which investors are flocking to safer investments amid shaky stock and bond markets, a restriction regulators may examine in a continuing review of industry … Read more

Asset managers on alert after ‘Whatsapp’ Crackdown on Banks

Asset managers on alert after ‘Whatsapp’ Crackdown on Banks

Asset Managers Are Tightening Controls On Personal Communication Tools Such As Whatsapp As They Join Banks in Trying to Effects Play by the Rules When They They Do Business With Customers Remotaly. Regulators had already begun to clamp down on the use of unauthorized messaging tools to discuss potentially market-moving matters, but the issue gathered … Read more