Loan

European banks shrink property portfolios

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 […]

By Staff |September 24, 2012

1 min read

Canadians focused on reducing debt

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 […]

By Staff |September 12, 2012

1 min read

U.S. corps look to China for funding

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 […]

By Staff |August 29, 2012

1 min read

GrowthWorks unitholders wait for assets to thaw

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.

By Renée Alexander |July 25, 2012

4 min read