Bank

Canadian bank earnings will drop: Fitch Fallback Image Decorative pattern

Industry

Canadian bank earnings will drop: Fitch

Though Canadian banks outperformed in Q3 2012, they’ll face major headwinds going forward, says a new report by Fitch Ratings.

By Staff |September 7, 2012

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RBC’s Q3 earnings up 73% Fallback Image Decorative pattern

Economic Indicators

RBC’s Q3 earnings up 73%

Royal Bank of Canada reported net income of $2,240 million for the third quarter 2012, up $946 million (73%) from the prior year. “RBC had a record quarter, driven by exceptional growth in our Canadian retail franchise and strong investment banking results,” says Gordon Nixon, RBC president and CEO. Further comparing this quarter to 2011, […]

By Staff |August 30, 2012

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Canadian banks are safe Fallback Image Decorative pattern

Industry

Canadian banks are safe

Investors worldwide are deeply concerned about the stability of their banks. Canadians, though, have nothing to worry about, with seven of our banks listed on Global Finance’s 21st annual ranking of the world’s 50 safest banks.

By Staff |August 20, 2012

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Regulators probe four major banks Fallback Image Decorative pattern

Industry

Regulators probe four major banks

The LIBOR rate probe has turned its focus to Crédit Agricole, HSBC, Deustche Bank and Société Générale, reports Financial Times.

By Staff |July 19, 2012

1 min read