Amid growing challenges, Canadian banks still well positioned to absorb headwinds
TD holds a 12% stake in Schwab
Longtime head Paul Douglas is stepping back from daily operations
U.S. deal will add nearly 1.8M customers
Jon Hountalas to lead personal, business banking operations
The department says City National avoided underwriting mortgages in majority Black and Latino neighborhoods
Consultation considers array of tools to address rising debt service risks
Higher interest rates to drive down deposits and increase funding costs
Provincial regulation increasingly tracks federal rules, but gaps remain
In December, OSFI raised banks' capital requirements by half a percentage point