February 28, 2024

In wake of fraud allegations, RBC says it’s “very comfortable” with due diligence done on HSBC Canada’s mortgage portfolio

RBC’s executive team today expressed confidence in its due diligence of HSBC Canada’s mortgage portfolio during the $13.5-billion acquisition.  RBC’s executive team today expressed confidence in its due diligence of HSBC Canada’s mortgage portfolio during the $13.5-billion acquisition.  Mortgage Rates & Mortgage Broker News in Canada 

In wake of fraud allegations, RBC says it’s “very comfortable” with due diligence done on HSBC Canada’s mortgage portfolio Read More »

BMO sees rise in loan losses, but says mortgage clients remain “resilient”

BMO reported rising loan losses in the first quarter and anticipates a further increase before conditions improve in the second half of the year with expected Bank of Canada rate cuts.  BMO reported rising loan losses in the first quarter and anticipates a further increase before conditions improve in the second half of the year

BMO sees rise in loan losses, but says mortgage clients remain “resilient” Read More »