Industry News

FINTRAC imposes $600K penalty on First Nations Bank of Canada FINTRAC imposes $600K penalty on First Nations Bank of Canada

Regulation

FINTRAC imposes $600K penalty on First Nations Bank of Canada

Compliance exam turns up five AML violations

By James Langton |October 16, 2025

2 min read

Customer satisfaction gap widens between big banks and mid-sized lenders Customer satisfaction gap widens between big banks and mid-sized lenders

Industry

Customer satisfaction gap widens between big banks and mid-sized lenders

Smaller banks are outperforming in ease of use, personalization: J.D. Power

By The Canadian Press |October 16, 2025

1 min read

BMO sells 138 U.S. branches, plans 150 new ones over next five years BMO sells 138 U.S. branches, plans 150 new ones over next five years

Industry

BMO sells 138 U.S. branches, plans 150 new ones over next five years

Deal with First-Citizens Bank & Trust Co. expected to close in mid-2026

By The Canadian Press |October 16, 2025

1 min read

Company, execs sanctioned for misleading disclosure Company, execs sanctioned for misleading disclosure

Regulation

Company, execs sanctioned for misleading disclosure

Tribunal orders $1.6 million in penalties and costs, market bans

By James Langton |October 15, 2025

3 min read