Banking

Banks prepared to meet Basel III requirements Fallback Image Decorative pattern

Industry

Banks prepared to meet Basel III requirements

The OFSI has issued an updated Capital Adequacy Requirements Guideline to help implement Basel III capital rules in Canada.

By Staff |December 10, 2012

2 min read

National Bank nets $351m in Q4 Fallback Image Decorative pattern

Industry

National Bank nets $351m in Q4

National Bank is boosting its dividend by 5%, or 85 cents, per share, after it reported $351 million in net income for the fourth quarter of 2012, a 20% increase from $292 million in the same quarter of 2011. Read: TD Bank posts $1.6 billion profit Diluted earnings per share for the quarter ended October […]

By Staff |December 6, 2012

1 min read

BMO’s book value up 18% since 2010 Fallback Image Decorative pattern

Industry

BMO’s book value up 18% since 2010

For the fourth quarter ended October 31, 2012, BMO Financial Group reported net income of $1,082 million or $1.59 per share.

By Staff |December 4, 2012

3 min read

UBS may reach a LIBOR settlement deal Fallback Image Decorative pattern

Economic Indicators

UBS may reach a LIBOR settlement deal

Swiss bank UBS may be near a Libor-related settlement with U.S. and U.K. regulators. Over its alleged role in the tampering of global interest rates, Switzerland’s biggest lender could be paying more than $466 million in penalties, says a Washington Post report. Citing an unnamed source close to the matter, the report says “an announcement […]

By Staff |December 3, 2012

1 min read