North America

Results for North America

Canadian Mortgage Growth Slows Amid Government Housing Moves

said average home loan balances rose 5.5 percent to C$224.1 billion ($166.5 billion) from a year ...

Daily Headline - global.abi.org - 05/25/2017 - 17:36 - 0 comments

Canada’s ‘Big 5’ Banks in Spotlight Over House Price Fears

together control almost C$4.5tn worth of assets, will seek to reassure investors that Canada’s banking system remains in good health when they post quarterly net income forecast to be between 5 and 30 per ...

Daily Headline - global.abi.org - 05/21/2017 - 21:10 - 0 comments

Canada Oil Industry Get $173 Million Loan to Clean Up Abandoned Wells

The oil industry in Canada's resource-rich Alberta will be on the hook for a C$235 million ($172.7 million) government loan to clean up a rising number of oil wells abandoned by owners who have gone bankrupt, the province said on Thursday, Reuters r ...

Daily Headline - global.abi.org - 05/18/2017 - 22:06 - 0 comments

There's No Canadian Crisis In Sight Despite Downgrade Hitting Assets

Moody’s downgrade of Canada’s biggest banks beat down assets in a market already rattled by woes of mortgage lender Home Capital Group Inc, Bloomberg News reported. Yet analysts say this isn’t evidence of an impending crisis. “The weatherman just warned ...

Daily Headline - global.abi.org - 05/11/2017 - 22:04 - 0 comments

Dissenting Shareholders, Fair Value Petitions and Statutory Appraisals: New Guidance from the Cayman Islands

Shanda was only the second contested fair value petition to reach trial. Until the release of the judgment in Shanda, the only case which had considered how the valuation process was required to be undertaken pursuant to Section 238 was that of the Honou ...

Resource Article - twallace@abiwor... - 05/11/2017 - 09:44 - 0 comments - 0 attachments

Commercial Aviation Finance in the British Virgin Islands

The British Virgin Islands (“BVI”) is becoming an increasingly popular jurisdiction for aviation finance not only in the private and corporate jet sectors, but also in the commercial aircraft sector. Although commercial aircraft are generally not ope ...

Resource Article - twallace@abiwor... - 05/11/2017 - 09:42 - 0 comments - 0 attachments

Mexico’s Multiplying Problems Threaten to Undermine Nafta Talks

When President Enrique Peña Nieto called Donald Trump and persuaded him not to scrap the North American Free Trade Agreement on his 100th day in office, it was a reminder that Mexico has not lost its touch in managing international crises. Debt default, ...

Daily Headline - global.abi.org - 05/08/2017 - 22:36 - 0 comments

Hudson's Bay Taps Debt Adviser Amid Neiman Marcus Bid Challenges

Canada's Hudson's Bay Co has hired a debt restructuring adviser to review potential options for combining its business with debt-laden U.S. department store operator Neiman Marcus Group, according to people familiar with the matter. The move is ...

Daily Headline - global.abi.org - 05/08/2017 - 22:38 - 0 comments

Why Everyone Is Talking About the Troubles at a Tiny Canadian Lender

The world is suddenly paying attention to Home Capital Group Inc., the tiny Canadian mortgage lender that’s on the ropes. The stock is plunging, it faces a run on deposits and regulators are probing management’s disclosure of fraudulent mortgages, Bloomb ...

Daily Headline - global.abi.org - 05/01/2017 - 21:08 - 0 comments

Alert - Special Economic Zone in the Cayman Islands creates new Aviation Services Park

The Cayman Islands is a market leading jurisdiction in both the aviation and shipping industries. In keeping with this, the Special Economic Zone in the Cayman Islands (the “SEZ”), has recently created the Cayman Aviation Services Park to sit alongside t ...

Resource Article - twallace@abiwor... - 04/25/2017 - 11:03 - 0 comments - 0 attachments

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