Bank

Industry News

TD Bank to get $20 billion from selling Charles Schwab stake

The bank is looking for ways to simplify its holdings and chart a path forward: CEO

By The Canadian Press |February 11, 2025

1 min read

Industry News

Moody’s upgrades National Bank ratings

Bank is outperforming the rest of the Big Six, rating agency reports

By James Langton |December 17, 2024

2 min read

Economic Indicators

Tough second half ahead for U.S. banks: Fitch

Earnings to remain under pressure as the sector faces slow growth and elevated costs

By James Langton |August 11, 2023

2 min read

Market Insights

How a slowdown affects Canadian financials

A recession may not be priced in

By Maddie Johnson |June 30, 2023

2 min read

Industry

National Bank reports Q2 profit down from year ago, raises quarterly dividend

Reports profit of $847 million for the quarter ended April 30, down from $889 million a year earlier

By The Canadian Press |May 31, 2023

2 min read

Products

HISA ETF rule changes could lead to lower rates, providers say

OSFI is requiring an interim transition for liquidity measurement by Aug. 1 as the regulator consults on wholesale funding categories

By Mark Burgess |May 15, 2023

3 min read

Industry

Are bank boards meeting their racial justice pledges?

Half of the Big Six have committed to racial equity audits in response to engagement from activist shareholders

By Melissa Shin |March 14, 2023

4 min read

Industry

TD Bank Group reports $1.58B profit in Q1, down from year ago

The quarter included a $1.6-billion charge to settle a lawsuit

By Staff, with files from The Canadian Press |March 2, 2023

2 min read

Industry

RBC reports Q1 profit down as expenses, provisions for credit losses rise

Rising interest rates drive increase in wealth management revenue

By Staff, with files from The Canadian Press |March 1, 2023

3 min read

Economic Indicators

U.K. inflation eases for a 2nd month, falling to 10.5%

Deutsche Bank forecasts Bank of England’s 2% target reachable in 2024

By Danica Kirka, The Associated Press |January 18, 2023

3 min read

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