Latest Videos
The information you requested is not available at this time, please check back again soon.
Higher-than-expected interest rates amid persistent inflation are perceived as the biggest threat to financial stability among market participants and observers, according to the Federal Reserve.
Fifth Third Bancorp jumped the most in four months, leading bank stocks higher, with Chief Executive Officer Tim Spence predicting that income from lending has bottomed out.
China’s securities regulator said it will encourage the nation’s companies to list in Hong Kong as it unveiled a package of measures to bolster the city’s position as an international financial hub.
Hong Kong’s accounting regulator said it will investigate allegations over PricewaterhouseCoopers LLP’s role auditing China Evergrande Group following a “whistleblower report”.
Hudson Bay Capital Management has raised over $800 million to invest in so-called special opportunities, according to a person with knowledge of the matter.
Apr 13, 2021
, BNN Bloomberg
The head of one of Canada’s largest banks is wading into the housing debate, arguing supply constraints need to be addressed amid surging home prices.
Victor Dodig, Chief Executive Officer of the Canadian Imperial Bank of Commerce, also told BNN Bloomberg he supports government intervention in an overheated real estate market as long as it can contribute to stable home ownership.
“I’m supportive of everything that will create a sound, growing financial system in Canada but will also give Canadians access to long-term stable home ownership,” Victor Dodig said in an interview. “We have to recognize that low interest rates are here today and that’s subscribing part of it. But we also have to recognize that there’s a generational transfer of wealth going on.”
The full interview will be broadcast on BNN Bloomberg on Wednesday, April 14 at 8:30 a.m. ET/5:30 a.m. PT.
Related
