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Cory’s Chart Corner
Load MoreWow...RBC trying hard to obfuscate an 8x growth in loan losses with candy for the kiddies, buybacks and dividend hike. Morning other Danielle...
h/t @DiMartinoBoothBattening down the hatches with an eight-fold hike in loan loss provisions north of the border:
@RBC provisions for performing loans totaled C$568 million in the second quarter, up from C$68 million in the first three months of the fiscal year.
@business
Monthly Archives: June 2012
Public sector sick days reflect lack of personal accountability
A confidential government report obtained by CBC News reveals federal workers have been booking off sick in record numbers, costing Canadian taxpayers more than $1 billion a year in lost wages alone. The internal Treasury Board report indicates federal public … Continue reading
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Canadian government slams door on empty barn after it chased the horses out
In typical after-the fact-fashion the Canadian government today announced necessary but way late changes to the terms available on mortgages backstopped by Canadian tax payers via the Canada Mortgage and Housing Corp (CMHC). Buyers with less than 20% as a … Continue reading
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Whitney on why banks must reinvent themselves
Meredith Whitney, founder and chief executive officer of Meredith Whitney Advisory Group, talks about the outlook for financials, the U.S. economy and JPMorgan Chase & Co.’s trading loss. She also explains why post-credit bust, the add-leverage-and-stir-to-look-genius model is no more … Continue reading
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