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.
Dec 7, 2023
BNN Bloomberg
A new survey suggests a little more than half of potential first-time homebuyers are interested in using a first home savings account, even though they don't know much about it.
The BMO survey shows 52 per cent of respondents looking to buy a property are likely to use their first home savings account to save for the purchase but 69 per cent of Canadians reported they're not knowledgeable about the features and benefits of the account.
The federal government launched the account in April to provide home buyers with another vehicle to save up for their first home as affordability erodes in the housing market.
The survey questioned 1,510 Canadians between Nov. 3 and 8, with a margin of error of 2.5 per cent.
A first home savings account combines features of a registered retirement savings plan and tax-free savings account and allows the account holder to invest in securities such as GICs, ETFs and mutual funds.
Buyers can contribute up to $8,000 per year to the account with a lifetime contribution limit of $40,000.
This report by The Canadian Press was first published Dec. 7, 2023.