Banking

BMO CEO Bill Downe retiring Fallback Image Decorative pattern

Industry

BMO CEO Bill Downe retiring

Bill Downe, Bank of Montreal CEO, is going to retire on October 31, 2017.

By Staff |April 7, 2017

1 min read

TD Bank review of sales practices may not appease investors Fallback Image Decorative pattern

Industry

TD Bank review of sales practices may not appease investors

TD Bank says it is reviewing concerns about its sales practices in light of reports that some employees allegedly broke the law in order to meet sales targets and keep their jobs. Read: Banks under FCAC microscope after allegations of upselling CEO Bharat Masrani says the bank received “a few hundred complaints” last year regarding […]

By Staff, with files from The Canadian Press |March 30, 2017

2 min read

How banking profits will exceed $80 million in 2017 Fallback Image Decorative pattern

Economic Indicators

How banking profits will exceed $80 million in 2017

Interest income accounts for more than 40% of the banking industry’s revenues, which means banks were forced to look for alternative income streams in recent years. Key streams include banking fees, as well as insurance and investment management services, reveals an outlook report on the banking industry by the Conference Board of Canada. Read: Investor […]

By Staff |March 29, 2017

2 min read

Tellers are not advisors, big banks clarify Fallback Image Decorative pattern

Industry

Tellers are not advisors, big banks clarify

Some of the country’s biggest banks have clarified what they require for employees who use the word “advisor” in their titles.

By Simon Doyle |March 15, 2017

2 min read