Earnings

National Bank Q3 profit edges higher, provision for credit losses also up Fallback Image Decorative pattern

Industry

National Bank Q3 profit edges higher, provision for credit losses also up

Revenues in wealth management increased 6% year over year

August 30, 2023

3 min read

Scotiabank loan growth slows on cautious approach, deposit focus Fallback Image Decorative pattern

Industry

Scotiabank loan growth slows on cautious approach, deposit focus

The bank's wealth management profits declined from the previous quarter

By Ian Bickis, The Canadian Press |August 29, 2023

3 min read

BMO earnings hit by severance, legal costs as it focuses on containing expenses Fallback Image Decorative pattern

Industry

BMO earnings hit by severance, legal costs as it focuses on containing expenses

Costs related to layoffs totalled $223 million, though the bank didn't disclose the number of employees let go

By Ian Bickis, The Canadian Press |August 29, 2023

3 min read

RBC reports $3.9B profit, says ramping up job cuts ahead of economic slowdown Fallback Image Decorative pattern

Industry

RBC reports $3.9B profit, says ramping up job cuts ahead of economic slowdown

The warning about cuts follows the bank's trimming of 1% of full-time equivalent employees in Q3

By Ian Bickis, The Canadian Press |August 24, 2023

3 min read