Slack demand for home loans continued to drag on earnings at Wells Fargo & Co. and JPMorgan Chase & Co. as the two largest U.S. mortgage lenders grappled for pieces of a shrunken market.
The Bank of Canada named Carolyn Wilkins senior deputy governor, the first woman to hold the No. 2 position at the central bank.
Sweden’s central bank kept its main interest rate unchanged and signaled a greater chance that it will ease policy to ward off the threat of deflation in the largest Nordic economy.
Declines in housing starts and building permits data suggest Canada is headed for the soft landing in real estate that policy makers have forecast, damping concern that a rapid fall in home prices could hobble the world’s 11th-largest economy.
The value of Canadian building permits fell to the lowest in a year in February as residential intentions dropped from a record high.
The size of the U.K. economy may be revised upward as officials change the way they calculate output to reflect new European Union standards.
Norway’s central bank is adept in handling its currency and will continue to gauge krone effects when setting interest rates in Scandinavia’s richest economy, its new deputy governor said.
Saudi Arabian bank profits are set to rise as record demand for consumer credit supplants slower corporate lending in the Arab world’s biggest economy.
Norway’s central bank kept its main interest rate unchanged and stuck to plans to tighten in mid-2015 as growth cools in Scandinavia’s richest nation.
A Turkish former unit of Lehman Brothers Holdings Inc. said it will be a strong year for buying distressed loans as consumer debts sour at a faster rate.
Scotiabank’s Sutton Says Poloz Will Be Dovish