With another lesson on how to instill or lose the trust of friends, Canada’s five largest banks may report losses related to the deteriorating U.S. subprime mortgage market but they should be “manageable,” bond rating agency DBRS said on Wednesday. In addition to their capital markets businesses, some Canadian banks have “modest” banking exposure from loans to U.S. subprime borrowers or to other mortgage lenders, the firm said. Canadian banks will report in late August.
Hi, I'm Jen and I'm here to help. Submit your complaint here or get help here
This article, Canadian Banks Not Effected Like Germany, Australia, is just one of our articles from our Mortgage Crisis Daily
The Subprime Mortgage Crisis Before, During, and After
Mortgage Crisis Daily monitors banking problems and customer complaints and has done so since 1999. Writers hold no stock positions. Some material is used under the fair use copyright act.
We use Thomson Reuters News Service Calais in all production material but are not associated with Thomson Reuters, banks, or financial institutions in any way.
