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Canada’s banking regulator sets tough rules for mortgage lending

Bloomberg Canada’s banking regulator released final rules that will make it tougher for borrowers to take on uninsured mortgages, adding to a growing list of measures to rein in the nation’s housing markets. The Office of the Superintendent of Financial Institutions announced measures targeting borrowers in the uninsured mortgage market. A mortgage doesn’t need to be insured if the borrower ...

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India’s bond selloff seen ending on RBI

Bloomberg India’s bonds are poised to rally after a three-month slide as the central bank is set to resume cutting interest rates, according to Canara Robeco Asset Management Co. A 25-basis-point rate cut is a ‘high probability’ for the December policy meeting, says Avnish Jain, head of fixed income at the Indian joint venture of Dutch asset manager Robeco Groep ...

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Lloyds group can’t shake troubled past in suit over HBOS takeover

Bloomberg Lloyds Banking Group Plc will be forced to relive a turbulent period in its 252-year history as former executives line up to testify at a London investor trial over its decision to take over the ailing HBOS Plc in 2009 at the height of the global financial crisis. Around 6,000 retail and institutional investors sued the bank for $800 ...

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