appear to have put the brakes on the housing market rebound in many cities and the road ahead for further recovery is expected to be rocky, say economists at the Royal Bank of Canada.
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Posthaste: Housing market faces 'bumpy' road amid high interest rates, RBC saysThe Bank of Canada\u0027s latest interest rate hikes put the brakes on the housing market rebound in many cities, RBC says. Find out more.
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Uday Kotak Seeks Market's Support for Succession PlansUday Kotak, Asia's richest banker, plans to remain on the board of Kotak Mahindra Bank after stepping down as CEO. However, the bank's recent underperformance poses a risk to his succession plans. The Reserve Bank of India will consider this as it decides on a successor from within the bank. Promoting family members is common in Indian conglomerates, but rare for a bank. The stock's underperformance since April makes the RBI's decision more challenging.
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Uday Kotak Seeks Market's SupportUday Kotak, Asia's richest banker, plans to remain on the board of Kotak Mahindra Bank after stepping down as CEO. However, the bank's recent underperformance poses a risk to his succession plans. The Reserve Bank of India will consider this as it decides on a successor from within the bank.
La source: Breakingviews - 🏆 470. / 51 Lire la suite »