Bank – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Fri, 11 Aug 2023 18:43:42 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Bank – Advisor's Edge https://phoenix.advisor.ca 32 32 Tough second half ahead for U.S. banks: Fitch https://phoenix.advisor.ca/news/economic/tough-second-half-ahead-for-u-s-banks-fitch/ Fri, 11 Aug 2023 18:43:42 +0000 https://www.advisor.ca/?p=229643 Earnings to remain under pressure as the sector faces slow growth and elevated costs

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How a slowdown affects Canadian financials https://phoenix.advisor.ca/investments/market-insights/how-a-slowdown-affects-canadian-financials-2/ Fri, 30 Jun 2023 19:30:36 +0000 https://www.advisor.ca/?p=227685 A recession may not be priced in

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National Bank reports Q2 profit down from year ago, raises quarterly dividend https://phoenix.advisor.ca/news/industry-news/national-bank-reports-q2-profit-down-from-year-ago-raises-quarterly-dividend/ Wed, 31 May 2023 18:59:10 +0000 https://www.advisor.ca/?p=226164 Reports profit of $847 million for the quarter ended April 30, down from $889 million a year earlier

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HISA ETF rule changes could lead to lower rates, providers say https://phoenix.advisor.ca/news/etfs/hisa-etf-rule-changes-could-lead-to-lower-rates-providers-say/ Mon, 15 May 2023 20:25:12 +0000 https://www.advisor.ca/?p=225606 OSFI is requiring an interim transition for liquidity measurement by Aug. 1 as the regulator consults on wholesale funding categories

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Are bank boards meeting their racial justice pledges? https://phoenix.advisor.ca/news/industry-news/are-bank-boards-meeting-their-racial-justice-pledges/ Tue, 14 Mar 2023 21:10:29 +0000 https://www.advisor.ca/?p=222583 Half of the Big Six have committed to racial equity audits in response to engagement from activist shareholders

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TD Bank Group reports $1.58B profit in Q1, down from year ago https://phoenix.advisor.ca/news/industry-news/td-bank-group-reports-1-58b-profit-in-q1-down-from-year-ago/ Thu, 02 Mar 2023 20:37:04 +0000 https://www.advisor.ca/?p=222479 The quarter included a $1.6-billion charge to settle a lawsuit

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RBC reports Q1 profit down as expenses, provisions for credit losses rise https://phoenix.advisor.ca/news/industry-news/rbc-reports-q1-profit-down-as-expenses-provisions-for-credit-losses-rise/ Wed, 01 Mar 2023 19:55:31 +0000 https://www.advisor.ca/?p=222424 Rising interest rates drive increase in wealth management revenue

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U.K. inflation eases for a 2nd month, falling to 10.5% https://phoenix.advisor.ca/news/economic/u-k-inflation-eases-for-a-2nd-month-falling-to-10-5/ Wed, 18 Jan 2023 18:00:36 +0000 https://www.advisor.ca/?p=220877 Deutsche Bank forecasts Bank of England’s 2% target reachable in 2024

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TD Wealth raises new planner pay https://phoenix.advisor.ca/news/industry-news/td-wealth-raises-new-planner-pay/ Fri, 19 Aug 2022 14:35:22 +0000 https://www.advisor.ca/?p=212889 As the bid for talented advisors increases, other Big Six banks haven't made material changes to compensation for incoming branch advisors

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CIBC reports Q2 profit down from year ago, wealth management profit up 20% https://phoenix.advisor.ca/news/industry-news/cibc-reports-q2-profit-down-from-year-ago-wealth-management-profit-up-20/ Thu, 26 May 2022 18:34:06 +0000 https://www.advisor.ca/?p=209829 CIBC's Canadian commercial banking and wealth management business earned $480 million for the quarter

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