Banking

First Nations Bank separates from TD

First Nations Bank of Canada has completed its transition away from the operating systems, products and services of TD Bank.

By Staff |September 12, 2012

1 min read

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

1 min read

Industry

Banks aspire to become globally local

Scotiabank may have started a trend. In the second transaction of its kind in a week, the bank has teamed up with Bank of Xi'an, a Chinese financial institution, to help ease the financial transition of Canada-bound immigrants.

By Vikram Barhat |September 7, 2012

2 min read

Industry

Scotiabank teams up with Indian bank

Scotiabank has teamed up with India's Kotak Mahindra Bank to provide financial services to new Canadian immigrants, as well as to Indo-Canadians seeking help in India.

By Staff |September 4, 2012

1 min read

Canada’s Big Five deliver $7.8 billion in Q3

Canada's biggest banks delivered $7.8 billion of cumulative profit in Q3 2012. The performance of the banks left analysts' restrained predictions in the dust, marking an increase of 45% from net income of $5.38 billion a year ago.

By Staff |August 31, 2012

2 min read

Canadians don’t understand insurance products

Canadian consumers know little about insurance products, says a study released by Desjardins Group. Worse, their money managing habits haven’t changed since last year; few are aware of how their plans work or how they can use them. The study finds only 44% know not all insurance policies come with surrender value, while only 45% […]

By Staff |August 30, 2012

1 min read

Barclays new chief pledges to clean house

The head of Barclays’ retail and business banking operations is moving on up; he’s been named as its new chief executive. Antony Jenkins will fill the post vacated recently by Bob Diamond, in the wake of a scandal over attempts to manipulate LIBOR. “We have made serious mistakes in recent years and clearly failed to […]

By Wire services |August 30, 2012

2 min read

CIBC income jumps 42% in Q3

CIBC, the country’s fifth largest bank, reported Q3 profit of $841 million, up from $591 million for the same period last year. The bank also hiked its quarterly dividend by 4 cents to 4.4% per share and made public its intention to purchase approximately 2% of its outstanding common shares, subject to the approval of […]

By Staff |August 30, 2012

1 min read

Banking

First Nations Bank separates from TD

Canadian bank earnings will drop: Fitch

Banks aspire to become globally local

Scotiabank teams up with Indian bank

Canada’s Big Five deliver $7.8 billion in Q3

Pros and cons of Scotiabank’s ING purchase

Laurentian releases strong Q3 earnings

Canadians don’t understand insurance products

Barclays new chief pledges to clean house

CIBC income jumps 42% in Q3