June 7, 2011
Carrick: Banks face challenges worldwide
Under the Basel III international financial reporting standards, banks in the U.S. will have more stringent capital requirements, which could reduce the number of loans they can float and increase borrowing costs for consumers.
Meanwhile, Greece has stopped issuing new debt and faces austerity measures. In China, a plan to increase the social housing stock will affect the prices of commodities such as copper, cement and aluminum.
For more analysis of the banking sector worldwide, please see World’s banking sector still faces major challenges by CanaData chief economist Alex Carrick.
In his blog, Carrick discusses the situation banks face in Greece, China, the U.S. and Canada.
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These projects have been selected from 267 projects with a total value of $4,935,993,413 that Reed Construction Data Building Reports reported on Friday.
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| ALEX’S ECONOMICS BLOG |
Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
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