- Bloomberg
Canada Opens Mortgage Market to 30-Year Loans for Homebuyers
(Bloomberg) -- Canada will relax the rules on mortgages to allow first-time buyers to take out 30-year loans when they purchase newly built homes. Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsRussian Attacks on Ukraine Stoke Fears Army Near Breaking PointThe change to regula
- Reuters
National Bank of Canada denies media report of talks to sell its Cambodian unit
Bloomberg News on Tuesday reported that the lender was exploring options for ABA Bank, including its sale for more than $2 billion. National Bank of Canada is currently not engaged in any process or negotiations for the sale of ABA Bank, nor has it hired any advisers, the bank said in a statement. National Bank of Canada took full control of ABA Bank in 2019, after gradually increasing its stake in the Cambodian lender over the years since 2014.
- Reuters
National Bank of Canada weighs sale of Cambodian unit, Bloomberg News reports
National Bank of Canada is exploring options for its Cambodian unit ABA Bank, including its sale for more than $2 billion in a deal, Bloomberg reported on Tuesday, citing people familiar with the matter. National Bank's other options for the subsidiary could also include minority or majority stake sales, the report added. National Bank of Canada and ABA Bank did not immediately respond to Reuters' requests for comment.
