
US Bank Deposits Fall Most in Nearly a Year After SVB Collapse
Deposits at US lenders posted the biggest decline in nearly a year during the week when multiple bank failures triggered the latest bout of global financial turmoil.
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Deposits at US lenders posted the biggest decline in nearly a year during the week when multiple bank failures triggered the latest bout of global financial turmoil.
South Pole, the world’s leading purveyor of offsets, is facing allegations that it exaggerated climate claims around its forest-protection projects. The uncertainty could influence how legions of companies try to slash their emissions.
Money managers have stepped up their bearish bets against office landlords, wagering that the US regional banking crisis will slash the availability of credit to property owners that were already suffering from the pandemic and rising interest rates.
This week’s dizzying stock-market swings have made one thing clear for stock investors: the recession trade has arrived.
Deutsche Bank AG shares fell and the cost of insuring its debt against default rose in sudden moves that some attributed to hedge funds seeking to profit from the broader turmoil roiling the financial industry.
Sep 7, 2018
The Canadian Press
MONTREAL -- The Greater Montreal Real Estate Board says August home sales in the region were up eight per cent compared with the same month last year, hitting a new record.
The board says there were 3,224 home sales last month, up from 2,972 a year ago, marking the 41st consecutive month of rising home sales.
The increase came as single-family home sales increased five per cent to 1,777 compared with 1,685 in August last year, while condominium sales grew 12 per cent to 1,125, up from 1,004.
Sales of plexes, which include two to five units, totalled 318, up from 279 in August 2017.
The median price of a single-family home was $333,000, up from $318,000 a year ago, while the median condominium price was $260,000, up from $250,000. The median plex price was up 10 per cent at $515,000 compared with $470,000 a year ago.
The number of active listings was down 16 per cent at 20,940, while new listings were down two per cent at 4,785.