Bank

Look to the long term in 2013: BMO Fallback Image Decorative pattern

Economic Indicators

Look to the long term in 2013: BMO

With the year drawing to a close, BMO economists converged today to look back on 2012.

December 20, 2012

3 min read

CIBC’s Shenfeld top forecaster of Canadian, U.S. economies Fallback Image Decorative pattern

Economic Indicators

CIBC’s Shenfeld top forecaster of Canadian, U.S. economies

Bloomberg Markets has named CIBC’s chief economist Avery Shenfeld as the top forecaster of the Canadian economy over the last two years. No other bank economist ranked among Bloomberg’s Top 3 forecasters of the Canadian economy for the two-year period ended on Sept. 30. “These awards illustrate the strength and depth our economics team and […]

By Staff |December 12, 2012

1 min read

HSBC launches $700m global client program Fallback Image Decorative pattern

Industry

HSBC launches $700m global client program

HSBC will spend $700 million on a global programme to help vet its clients. The “know your customer” initiative is part of a 26-point plan agreed upon with U.S. regulators, reports ft.com. This news follows the $1.9 billion the bank agreed to pay to settle a money laundering case. The settlement is being called the […]

By Wire services |December 11, 2012

1 min read

Carney: Banks to be Basel III-compliant by 2013 Fallback Image Decorative pattern

Industry

Carney: Banks to be Basel III-compliant by 2013

The nationwide cooling of Canada’s housing market may have sparked fears of a U.S.-style housing crash, but for the Bank of Canada it may be a good beginning.

By Vikram Barhat |December 11, 2012

3 min read