Economic Indicators

Global banks want to stop Moody’s

Banks face risks to their creditworthiness spurred by a tendency to load up on debt. The credit agency placed 17 banks on a review list for potential downgrading earlier this year. Power brokers on Wall Street and other financial centres are reportedly trying to change the mind of Moody’s before it pulls the trigger on […]

By Staff |May 10, 2012

1 min read

News Roundup: HSBC sells Latin ops; Fannie gains in Q1

HSBC to sell Latin America operations HSBC may sell operations in several Latin American countries; the move lets the company focus on core markets. Units being considered for sale are in Colombia, Peru, Uruguay and Paraguay. The bank provided no timeline for the potential divestments. Hedge fund managers bound to slip up The U.S. economy […]

By Staff |May 10, 2012

1 min read

Spain to bail out failing bank

Not content with its current fiscal and economic woes, the government of Spain is expected to set fire to as much as €10 billion by taking a large stake in Bankia SA.

By Staff |May 9, 2012

1 min read

Europe recovery to remain difficult

The results of the French election offer some hope for investors, according to Peter Drake, vice-president, retirement and economic research, for Fidelity Investments Canada.

By Staff |May 9, 2012

2 min read