Banking

U.S. banks back European rivals in fight against Fed Fallback Image Decorative pattern

Industry

U.S. banks back European rivals in fight against Fed

U.S. banks have come out in support of their European peers that are fighting the Federal Reserve’s decision to impose tighter capital requirements on their U.S. operations. Top bankers from Europe, the U.S. and Japan are rallying to oppose the Fed’s proposal that deviates from common international bank rules, reports FT.com. The U.S. central bank […]

By Staff |April 26, 2013

1 min read

CIBC head takes heat over compensation Fallback Image Decorative pattern

Industry

CIBC head takes heat over compensation

CIBC chief executive Gerald McCaughey received a bit of a rough ride at the chartered bank’s annual meeting Thursday, and it had little to do with 2012’s modest performance. The head of one of Canada’s biggest financial institutions was the subject of several complaints from the floor about his compensation and that of the bank’s […]

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

3 min read

Pope Francis targets scandal-ridden Vatican bank Fallback Image Decorative pattern

Industry

Pope Francis targets scandal-ridden Vatican bank

Over the past few years, banks have made headlines over scandals. And now the Vatican's bank is in the hot seat.

April 26, 2013

1 min read

CWB invests in McLean & Partners Fallback Image Decorative pattern

Industry

CWB invests in McLean & Partners

Canadian Western Bank (CWB) has signed an agreement to acquire 55% ownership of McLean & Partners Wealth Management Ltd. (McLean & Partners), a Calgary-based firm specializing in wealth management for high net worth individuals. Read: Sun Life and Khazanah acquire CIMB Aviva The transaction, which is subject to regulatory approvals, supports a key strategic objective […]

By Staff |April 24, 2013

1 min read