Bank

Life after Lehman

Five years after Lehman Brothers declared bankruptcy on Sept. 15, 2008, the global financial landscape has altered dramatically, writes The Economist.

By Staff |September 13, 2013

1 min read

Industry

Which banks are Canada’s best?

Four Canadian banks were honoured by British magazine World Finance’ 2013 Banking Awards this week.

By Staff |September 13, 2013

1 min read

Industry

RBC snags top banking honour

RBC was named Best Commercial Bank in Canada in World Finance's 2013 Banking Awards today.

By Staff |September 11, 2013

1 min read

Industry

CIBC, TD talk about divvying Aeroplan cards

It's unknown which bank will provide Aeroplan-branded credit cards in 2014.

By Staff, with files from The Canadian Press |August 26, 2013

2 min read

Economic Indicators

India names new bank governor

Raghuram Rajan has been named the new governor for the Reserve Bank of India (RBI).

August 6, 2013

1 min read

Industry

HSBC Q2 profit declines 31%

HSBC Bank Canada recorded profit of $130 million for the second quarter of 2013, a decrease of 31% compared with the first quarter of 2013.

By Staff |August 6, 2013

2 min read

Industry

Wells Fargo becomes world’s biggest bank

Wells Fargo became the world’s largest financial institution today, surpassing the Industrial & Commercial Bank of China, reports the Wall Street Journal. The shift occurred due to the economic slowdown in China, the WSJ reports, as well as increased optimism about the U.S. economy. San Francisco-based Wells Fargo & Co. is worth $236 billion, according […]

By Staff |July 24, 2013

1 min read

Industry

JPMorgan facing fine for energy manipulation

JPMorgan could be fined $500 million by U.S. energy market regulators after they accused the bank of manipulating energy prices, reports the New York Times.

By Staff |July 18, 2013

1 min read

Industry

Basel III depressing bank profits; EU plans for bailouts

Basel III capital rules are cutting into global bank profits.

June 26, 2013

3 min read

Industry

National Bank confirms new normal course issuer

National Bank of Canada has announced that the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions Canada (OSFI) have approved the Bank's new normal course issuer bid to purchase for cancellation up to 3,248,114 common shares, through the facilities of the TSX, representing approximately 2% of its issued and outstanding common shares.

By Staff |June 18, 2013

2 min read

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