Bank of England committee flags up housing market concerns

The Bank of England is continuing to closely monitor the affordability of mortgages and the lending policies of banks after taking steps last week to cool the housing market.

Bank of Montreal Falls on Profit Post: Toronto Mover

Bank of Montreal, Canada’s fourth-largest lender by assets, fell the most in two years after profit excluding an accounting gain missed analysts’ estimates.

Derivative markets have already upgraded Britain to AAA

The cost of insuring British debt against default has fallen below the levels for the US, Switzerland, Japan and every major eurozone state except Germany, marking a dramatic change of view on UK’s economic prospects.

Bank of America Predicts Stock Drop on Yield Jump: China Credit

China’s borrowing costs are climbing at the fastest pace since late 2010 and Bank of America Corp. says that’s making stocks vulnerable, just as it did back then.

ECB fin stability chief pledges rigorous bank tests

FRANKFURT (Reuters) - The European Central Bank will not let banks off the hook easily in its upcoming health checks, the head of the financial stability department said on Friday.