TORONTO – Royal Bank of Canada (RBC) said on Thursday bad loans increased by $583 million, or 19 per cent, in the second quarter from the quarter before, largely as a result of rise in credit to grease firms that had turned sour.
For just the second time in the two decades that DBRS Ltd. continues to be rating public-private-partnerships – the so-called P3s – the company has placed a task company’s ratings under review during the operational phase.
U.S. stock index futures are inching higher today as investors await Federal Reserve Chair Janet Yellen\’s speech following a shockingly weak jobs report all but killed the prospects of an interest rate hike this month.
As the managing partner of the professional services firm, one never knows when – or where – the next issue will arise. Accordingly, such situations, dealing with unexpected events – instead of running the company – becomes the main focus.