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.
Latest Videos
The information you requested is not available at this time, please check back again soon.
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.
Mar 22, 2024
BNN Bloomberg
,A new survey found that over the last two years, about one-third of respondents moved, a majority of whom were first-time homebuyers.
The survey from LowestRates.ca, released on Wednesday, found that 36 per cent of respondents moved over the past two years, 22 per cent of whom were first-time buyers, marking a “significant uptick” from the 11 per cent of first-time buyers a year earlier.
Leah Zlatkin, a licensed mortgage broker and expert with LowestRates.ca, said in a statement on Thursday that she believes that first-time buyers elected to wait for the COVID-19 pandemic to “normalize” before buying a home.
“First-time buyers are usually more nervous to purchase their first home so they waited. This is when we saw the buyer frenzy happen,” she said.
Other findings included that 37 per cent of respondents purchased a larger home between 2022 and 2024, marking a 14 per cent increase when compared to the period between 2021 and 2023.
“As for those who purchased a larger home, families started expanding and needed to upgrade their space. They waited for the market to normalize, resulting in pent-up demand,” Zlatkin said.
Methodology
The survey was conducted between March 2 and March 3 by LowestRates.ca, polling 1,129 Canadians.