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The banking establishment fears a challenge to its power

Rise Of Shadow Banking A Victory For Consumers

on May 6th, 2020 by The Afro News

Hedge and private-equity funds, mortgage lenders, and money-market funds provide accessible sources of credit Shadow banking is growing by leaps and bounds in Canada. It’s a C$1.5-trillion industry that expanded by 30 per cent between 2015 and 2017, according to a recent Bank of Canada report. The banking establishment fears a challenge to its power, but consumers [...]

Filed under: Business, Business, Canadian News Tagged as: Canada weathered the 2008 financial crisis, Hedge and private-equity funds, The banking establishment fears a challenge to its power
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