BMO CEO William Downe made $10.6 million in 2016 in total compensation, almost 5% than in 2015.
To address rapid changes in business and consumer behaviour, not to mention a decades-old payments system, banks are making innovation a top priority, reveals a report by PwC. They want to improve the client banking experience and provide web and mobile services that don’t require trips to bricks-and-mortar buildings. Read: Win the wealthy clients of […]
But, the CEO was the bank's only top exec to get a pay bump in 2016.
There are three key business trends to watch in financial services, including whether institutions are monitoring cyber risks.
Find out why Brian Porter, president and CEO of Scotiabank, received a bump in his pay.
Over the last two weeks, Canada's major banks reported earnings.
For the first quarter ending January 31, 2017, TD Bank has reported profit of $2.53 billion, up almost 14% compared with the same quarter a year earlier. The increase reflects growth across all segments, says the bank’s report to shareholders. The bank’s Canadian retail net income, which includes its Canadian personal and commercial banking, wealth […]
National Bank reports net income of $497 million for Q1 2017, compared to $261 million for Q1 2016. The $236-million increase is explained by the bank’s writeoff of its equity interest in associate Maple Financial Group Inc. during the first quarter of 2016, which accounted for $164 million, or $145 million net of income taxes. […]
On Tuesday, three major banks reported earnings and all of them saw increases in earnings and AUM.
Over the next 18 months, Laurentian plans to overhaul how it serves retail clients.