Banking

Industry

Scotiabank shuffles senior execs

Scotiabank has announced executive management changes, including the creation of a new position.

By Staff |December 6, 2011

1 min read

Industry

Board: Force banks to use OBSI

The Ombudsman for Banking Services and Investments (OBSI) has come out swinging, following the withdrawal of Toronto Dominion Bank the organization.

By John Powell |October 31, 2011

2 min read

Industry

Brits cool on ‘too big to fail’

Moody’s today downgraded its ratings for 12 British financial institutions, including Lloyds TSB Bank and Royal Bank of Scotland. The ratings agency said it thought Prime Minister David Cameron’s government was less likely to rescue the institutions in the event they collapsed.

By Staff |October 7, 2011

2 min read

Industry

UBS now “in disarray”

The departure of UBS CEO Oswald Gruebel has exacerbated the fallout from the $2.3 billion loss the bank suffered from unauthorized trading less than two weeks ago.

By Staff |September 26, 2011

1 min read

Desjardins jumps to 20th on safe bank list

Desjardins Group, Canada's largest cooperative financial group, climbed from 25th to 20th on Global Finance's list of the World's 50 Safest Banks 2011. Holding strong at fourth in North America, Desjardins continues to outstrip all major American banks.

By Staff |August 22, 2011

1 min read

Scotiabank acquires bank in Uruguay

Scotiabank has completed its purchase of Uruguay’s fourth-largest private bank in terms of loans and deposits. The acquisition of Nuevo Banco Comercial S.A. (NBC) was initially announced in December 2010, but terms of the agreement were not disclosed. “Scotiabank is proud to enhance our already-unique footprint in Latin America by becoming the first bank based […]

By Staff |June 29, 2011

1 min read

Canada’s bank system good, but no role model

Some say it was good luck, others say it was good management that helped the Canadian banking industry slip through the jaws of global economic meltdown relatively unhurt. If you chalk it up to our sound banking system, think again. Experts say it is far from worthy of being an international role model. “I’m a […]

4 min read

BMO expands high yield business

BMO Capital Markets has announced that it is expanding its high yield business in Canada with the additions of Dan Atack, managing director, and Piper Kerr, director, to the BMO Capital Markets Leveraged Finance Distribution and Trading team.

By Staff |April 7, 2011

1 min read

Banking

Scotiabank shuffles senior execs

Board: Force banks to use OBSI

Brits cool on ‘too big to fail’

UBS now “in disarray”

Scotiabank buys stake in Chinese bank

Desjardins jumps to 20th on safe bank list

Canadians active in online banking

Scotiabank acquires bank in Uruguay

Canada’s bank system good, but no role model

BMO expands high yield business