BoC: Spillover effects from recent stress in the banking sector have been limited – by MSalordFX BOC CentralBanks
olds to pay their debts. In the document, the BoC noted that the spillover effects on Canada from recent stress in the global banking sector have been limited.“Bank funding is becoming scarcer and more expensive.”“A severe recession could lead to credit losses for banks.”
“Higher global interest rates are increasing funding costs for Canadian banks, both in wholesale markets and through a reduction in demand deposits.” “Canadian banks remain robust, but they are not immune to international developments. The reliance of Canada’s large banks on wholesale funding makes them vulnerable to deteriorating conditions in global financial markets.”
. More households are expected to face financial pressure in the coming years as their mortgages are renewed. The decline in house prices has also reduced homeowner equity, and some signs of financial stress—particularly among recent homebuyers—are beginning to appear.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
New York Community Bancorp says FDIC will sell shares in Signature Bank’s replacement bankFlagstar Bank parent New York Community Bancorp Inc. on Tuesday said that the FDIC had agreed to sell 39 million shares of the institution that the agency...
Leer más »
Former SVB, Signature, First Republic execs blame social media for fueling bank runsThe former heads of Silicon Valley Bank, Signature Bank and First Republic Bank all blamed social media for fueling panic that led to bank runs on their institutions.
Leer más »
EUR/USD to move downward over the coming months – Danske BankEUR/USD has recently faced renewed headwinds, pushing the cross back below 1.10. Economists at Danske Bank maintain their strategic case for a lower E
Leer más »
Murder charge in Sierra foothills crash; woman has history including bank robbery, hatchet attackThe 49-year-old Jamestown resident has at least two previous convictions of driving under the influence, the prosecutor said.
Leer más »
Senators grill SVB, Signature Bank CEOs for putting profits ahead of shareholders and depositors in collapseElizabeth Warren and other Senate Banking Committee members talk up a measure to study bank CEO pay clawbacks.
Leer más »