OSFI, the national bank regulator, has deemed six of Canada’s largest lenders as “too big to fail”. What does this mean for banking consumers – and what measures are being put in place to protect our banks in case of another national recession?
Six Canadian banks have received warning for possible Moody’s Ratings cuts. What is the purpose of this rating system, and how will a cut affect investors and the Canadian economy?
It seems bank credit rating downgrades are the financial headline du jour – and it all kicked off with news of Dutch bank ING Bank of Canada receiving a hit from Moody’s last week. Why are banks the target of such slashings? As usual, European debt crisis is a contributing culprit.