StanChart’s Korea Troubles Deepen After Exotic Notes Backfire
Standard Chartered Plc stuck it out in South Korea’s hotly contested consumer banking market while its global rivals threw in the towel one by one. It’s now paying the price.
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Standard Chartered Plc stuck it out in South Korea’s hotly contested consumer banking market while its global rivals threw in the towel one by one. It’s now paying the price.
China’s latest housing initiative is aimed at vacant properties, a major pain point in a crisis that’s dragged on for almost three years. But analysts say the package of measures is still too small to end the rout.
Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
South Korea’s top financial watchdog attempted to revive optimism over the nation’s corporate reform initiatives to investors in New York while soothing concerns over the short-selling ban.
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Nov 16, 2021
The Canadian Press
Canada Mortgage and Housing Corp. says the annual pace of housing starts in October fell compared with September.
The national housing agency says the seasonally adjusted annual rate of housing starts was 236,554 last month, down from 249,922 in September.
The annual pace of urban starts fell 3.7 per cent to 214,797 as starts of apartments, condos and other types of multiple-unit housing projects dropped 5.3 per cent to 156,781.
The annual rate of single-detached urban starts rose one per cent to 58,016.
CMHC estimated the annual rate of rural starts at 21,757.
The six-month moving average of the monthly seasonally adjusted annual rates of housing starts was 264,264 in October, down from 270,661 in September.