Home Capital Said to Stall a Nascent Canadian RMBS Market

At least two bond sales are on hold in Canada as investors wait to see how the Home Capital situation shakes out. While talks on both bond offerings were in early stages, one of the deals would be backed by loans from MCAP, and the other, marketed by Royal Bank of Canada, with loans from Home Capital and Equitable Group, said the people, who asked not to be identified because the talks are private. Bloomeberg's Allison McNeely and David Scanlan report. (Source: Bloomberg)

Yale's Stephen Roach Says China Has a Debt Problem
27:57 - Yale University Senior Fellow Stephen Roach discusses S&P's downgrade of China's sovereign credit rating. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
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