Solid foundations. New horizons.

Free
Message: Time for taxpayers to bail out Canadian banks?

From jsmineset.com:

Moody’s cuts bank outlook to ‘negative’ on Ottawa’s bail-in rule
Credit ratings agency says risk of failure is remote, but it prefers option of taxpayer bailout
CBC News Posted: Jul 08, 2014 3:02 PM ET Last Updated: Jul 08, 2014 5:46 PM ET

Investor ratings service Moody’s has changed its outlook for Canada’s biggest banks to negative from stable, citing concerns over the Canadian government’s plan to implement a “bail-in” system in the event of a bank failure.

Share
New Message
Please login to post a reply