Banking industry

BMO to shutter retail auto finance business as bad debt mounts BMO to shutter retail auto finance business as bad debt mounts

Industry

BMO to shutter retail auto finance business as bad debt mounts

The bank's provisions for credit losses in its retail line rose 800% to $81 million last quarter

By The Canadian Press |September 18, 2023

2 min read

Deteriorating credit conditions to weigh on banks Deteriorating credit conditions to weigh on banks

Economic Indicators

Deteriorating credit conditions to weigh on banks

Rising credit provisions, funding costs, pinching bank profits, DBRS says

By James Langton |September 15, 2023

2 min read

Laurentian Bank shares fall as it concludes review without deal to sell Laurentian Bank shares fall as it concludes review without deal to sell

Industry

Laurentian Bank shares fall as it concludes review without deal to sell

Montreal-based bank said it will stick with its current business plan, with an increased focus on efficiency

By The Canadian Press |September 14, 2023

2 min read

Top Swiss regulator steps down Top Swiss regulator steps down

Regulation

Top Swiss regulator steps down

CEO cites stress, health in decision to resign from post

By James Langton |September 6, 2023

1 min read