Basix Hedge News - Financial Services Sector


Investors display a healthy appetite for yield

In today’s economic climate, yield has become a driving force behind many investment decisions.

What the Volcker Rule means for Canada’s biggest banks

Intense lobbying by senior Canadian officials has successfully blunted far-reaching implications for the country’s largest banks from the biggest overhaul of financial regulation in the...

Why Canada’s debit card system doesn’t need any more controls

Consumers and small merchants would suffer if the NDP's card schemes were adopted

JPMorgan’s US$13B deal to settle DoJ probe said to hit hurdle as bank seeks end to criminal inquiries

The preliminary US$13-billion deal set by JPMorgan Chase & Co CEO Jamie Dimon and U.S. Attorney General Eric Holder has hit a stumbling block, a...

U.S. government shutdowns have been bullish for stocks in the past

Bank of America Merrill Lynch's chief equity strategist said in a note to clients Tuesday that the S&P 500 didn't fall, but rallied, during the...

Keeping finance students on top of an ever-changing regulatory environment

New programs are aiming to keep students abreast of the countless revisions that have been made to regulatory policy since the financial crisis of 2008...

U.S. Fed to banking giants: You need to do more to withstand future financial crises

Big banks must improve the way they determine how much capital they need to withstand any future crisis, the U.S. Federal Reserve said, citing observations...

Over a million Americans have been denied bank accounts after past missteps

Mistakes like a bounced check or a small overdraft have effectively blacklisted more than a million Americans from the mainstream financial system for as long...

Credit unions lead the pack in servicing entrepreneurs: CFIB survey

In the CFIB report 'Battle of the Banks,' which ranks banks for how well they serve small businesses, credit unions came out on top, with...

Julie Dickson, top banking watchdog, to step down in 2014

Julie Dickson indicated Tuesday that she will not seek another term as Superintendent of Canada’s top banking regulator, OSFI

Homebuyers expect to spend $300,000 on first property, poll shows

TORONTO — The average first-time homebuyer in Canada is 29 years old and expects to be able to put down a down payment of $48,000...

U.S. Fed targets foreign banks with new capital rules

More than two dozen foreign banks with at least US$50-billion of global assets would face stricter U.S. capital rules under a Federal Reserve plan that’s...

Insurers buying up firms’ pension plan risk as obligations loom

Canadian insurance companies are throwing a lifeline to businesses stressed out by looming pension obligations — for a price

UBS to slash up to 10,000 jobs worldwide: source

UBS AG, Switzerland’s largest bank, will cut as many as 10,000 jobs across the firm as the trading business shrinks, a person with knowledge of...

Canadian banks snapping up consumer loans

Analysis: Against a backdrop of rising concern around the crisis in Europe and slowing consumer loan growth domestically, Canada’s banks are under pressure to maintain...

U.S. banks safer but still ‘too big to fail’

One of the strongest reminders of the depths of the financial crisis has been the number of U.S. bank failures.  As the chart shows, in...

Canadian banks on hiring spree as global peers slash jobs

Royal Bank of Canada is among lenders bucking job-cutting trends in the U.S. and Europe as acquisitions help swell head counts at Canada’s biggest banks...

Looser mortgage lending raises worries

Financial institutions appear to be cracking down on rules for borrowers with self-declared income, a move that comes as Finance Minister Jim Flaherty said he’s...

Class-action ruling shocks Bay Street

The Ontario Court of Appeal has shocked Bay Street by ruling that capital-markets participants who settle complaints with the Ontario Securities Commission for less than...

Risk of Europe bank failure ‘dramatically reduced’: Carney

By Chrystia Freeland and Paul Carrel DAVOS • Recent policy steps in Europe have “dramatically reduced” the risk of a Lehman-style banking failure there, Bank...