Financial Services

GE exits gun financing; opportunity for small private players in consumer finance

Analyst Commentary, Miller Chu: While politicians continue to debate about gun control in the U.S., GE Capital has decided to exit the US$11.7 billion gun financing market. The termination of the program came after the shootout at Sandy Hook Elementary School which has affected several families that are connected to GE.

Canada's OSFI outline strategy that will ensure stable financial and real estate sectors, although hurting investors and homeowners in short run

Analyst Commentary, Matthew Bovencamp: The Office of the Superintendent of Financial Institutions (OSFI) released their planning and priorities report for 2012-2015 outlining the continued strategy of risk mitigation. The document outlines a number of strategies and actions the OFSI is planning to implement over the next few years.