Banking industry

Industry

RBC’s takeover of HSBC Canada approved by Competition Bureau

Nonetheless, the bureau found evidence of several instances when HSBC Canada’s lineup had influenced RBC’s offerings

By Melissa Shin |September 1, 2023

3 min read

Industry

CIBC profits down on higher loan loss provisions after revised economic outlook

Full-time employee equivalent count was down 1,709 from Q4 of 2022

By Ian Bickis, Canadian Press |August 31, 2023

3 min read

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

Industry

Scotiabank loan growth slows on cautious approach, deposit focus

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

By Ian Bickis, Canadian Press |August 29, 2023

3 min read

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, Canadian Press |August 29, 2023

3 min read

Economic Indicators

Five things to watch for in the Canadian business world this week

Bank earnings continue, with jobs and GDP data later in the week

By The Canadian Press |August 28, 2023

2 min read

Industry

Canadian banks face squeeze between climate expectations, market pressures

Activists say banks aren't delivering on efforts against climate change

By Ian Bickis, Canadian Press |August 28, 2023

4 min read

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, Canadian Press |August 24, 2023

3 min read

Industry

TD Bank Group discloses U.S. regulatory inquiry into compliance practices

The bank also reported lower profits and rolled out an expanded share buyback program

By Ian Bickis, Canadian Press |August 24, 2023

3 min read

Products

Alt managers set to benefit from banks’ retreat

Rising demand for private credit will boost alt funds' fortunes, Fitch says

By James Langton |August 15, 2023

2 min read

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