Banking – 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, 06 Oct 2023 18:42:59 +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 Banking – Advisor's Edge https://phoenix.advisor.ca 32 32 Regulators learn from latest banking sector turmoil https://phoenix.advisor.ca/news/regulation/regulators-learn-from-latest-banking-sector-turmoil/ Fri, 06 Oct 2023 18:42:59 +0000 https://www.advisor.ca/?p=231568 Report highlights risk management failures, supervisory shortcomings

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]]> Industry moves this week https://phoenix.advisor.ca/news/industry-news/industry-moves-this-week-43/ Thu, 28 Sep 2023 19:45:39 +0000 https://www.advisor.ca/?p=231262 RBC Investor Services has a new CEO, and changes arise from iA Financial Group's capital markets restructuring

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]]> Help clients find lost bank accounts and insurance policies https://phoenix.advisor.ca/insurance/life/help-clients-find-lost-bank-accounts-and-insurance-policies/ Wed, 30 Aug 2023 21:15:23 +0000 https://www.advisor.ca/?p=230049 Although there are tools to help, financial advisors still say it’s best to maintain updated information

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]]> S&P downgrades handful of U.S. banks https://phoenix.advisor.ca/news/industry-news/sp-downgrades-handful-of-u-s-banks/ Tue, 22 Aug 2023 15:41:30 +0000 https://www.advisor.ca/?p=229919 Five regional banks face rating cut, outlooks downgraded for two others

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]]> Europe’s banks could survive a drastic economic downturn, stress test shows https://phoenix.advisor.ca/news/economic/europes-banks-could-survive-a-drastic-economic-downturn-stress-test-shows/ Fri, 28 Jul 2023 18:08:04 +0000 https://www.advisor.ca/?p=229242 Individual bank scores will be used by banking regulators in determining how much capital they need to hold in reserve

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]]> U.S.-dollar LIBOR put to pasture as the first phase of CDOR reform ends https://phoenix.advisor.ca/news/industry-news/u-s-dollar-libor-put-to-pasture-as-the-first-phase-of-cdor-reform-ends/ Fri, 30 Jun 2023 21:06:38 +0000 https://www.advisor.ca/?p=228050 Banks can only enter into new transactions with clients that reference CDOR if the transaction hedges or offsets existing exposures

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]]> Investment advice seen as a key benefit of open banking: survey https://phoenix.advisor.ca/news/industry-news/investment-advice-seen-as-a-key-benefit-of-open-banking-survey/ Fri, 30 Jun 2023 13:04:05 +0000 https://www.advisor.ca/?p=227820 Deloitte reports suggests Canadians are likely to embrace new banking model once it goes live

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]]> Do the math before using credit card loyalty points toward mortgages https://phoenix.advisor.ca/news/industry-news/do-the-math-before-using-credit-card-loyalty-points-toward-mortgages/ Thu, 29 Jun 2023 17:10:52 +0000 https://www.advisor.ca/?p=227804 At RBC, one-quarter of customers use points for mortgage, credit card payments

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]]> Tougher Fed to benefit banks, Fitch says https://phoenix.advisor.ca/news/industry-news/tougher-fed-to-benefit-banks-fitch-says/ Fri, 02 Jun 2023 19:05:03 +0000 https://www.advisor.ca/?p=226298 Supervisory action to boost banks' capital, liquidity would aid creditors, depositors

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]]> B.C. team wants to return millions to rightful owners https://phoenix.advisor.ca/news/industry-news/b-c-team-wants-to-return-millions-to-rightful-owners/ Thu, 18 May 2023 16:37:25 +0000 https://www.advisor.ca/?p=225695 Organization reunites people with unclaimed money in old bank accounts

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