SURREY, B.C. - (01/02/06) A study conducted here by Ipsos Reidand commissioned by Coast Capital Savings has found that more than60% of Canadians feel it is unfair for higher-balance investors toreceive preferential rates on their term deposits. Women were evenmore likely (70%) to say that higher rate for bigger investors areunfair, vs. 51% of men. Not too surprisingly, income was a bigdriver of attitudes. The study found that Canadians with an annualhousehold income of $30,000 to $60,000 were most likely to considersuch tiered pricing unfair (68%), compared to 63% of those withincomes less than $30,000 and 56% of those with incomes of morethan $60,000. The study of 1,270 Canadians also found that 45% ofCanadians are aware that consumers can negotiate rates on termdeposits, compared to 70% for mortgages. According to the IpsosReid study findings, 51% of Canadians have a term deposit while 42%of adult Canadians say they hold a mortgage.
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Powered by younger, affluent cardholders, American Express saw a 6% increase in billed business during the first quarter, while weak growth still plagues its small-business segment.
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For the better part of the past decade, the Federal Reserve Board in Washington has played a more active role in presidential searches by regional reserve banks. The shift seems to have made the system more diverse, but some argue it's at the expense of regional bank independence.
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Beth Johnson, a self-described math geek, is driving the bank's ESG strategy and training its employees to keep pace with industry trends.
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The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
April 18 -
The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
April 18 -
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
April 18