CIBC has reached a settlement with the Lehman Estate.
UBS is currently in a dismal position, as it pays out billions over Libor-fixing allegations.
RBC Global Asset Management has named Guardian Capital has the sub-advisor of the RBC Private Core Canadian Equity Pool.
Bloomberg Markets has named CIBC’s chief economist Avery Shenfeld as the top forecaster of the Canadian economy over the last two years. No other bank economist ranked among Bloomberg’s Top 3 forecasters of the Canadian economy for the two-year period ended on Sept. 30. “These awards illustrate the strength and depth our economics team and […]
HSBC will spend $700 million on a global programme to help vet its clients. The “know your customer” initiative is part of a 26-point plan agreed upon with U.S. regulators, reports ft.com. This news follows the $1.9 billion the bank agreed to pay to settle a money laundering case. The settlement is being called the […]
The OFSI has issued an updated Capital Adequacy Requirements Guideline to help implement Basel III capital rules in Canada.
National Bank is boosting its dividend by 5%, or 85 cents, per share, after it reported $351 million in net income for the fourth quarter of 2012, a 20% increase from $292 million in the same quarter of 2011. Read: TD Bank posts $1.6 billion profit Diluted earnings per share for the quarter ended October […]
For the fourth quarter ended October 31, 2012, BMO Financial Group reported net income of $1,082 million or $1.59 per share.
Swiss bank UBS may be near a Libor-related settlement with U.S. and U.K. regulators. Over its alleged role in the tampering of global interest rates, Switzerland’s biggest lender could be paying more than $466 million in penalties, says a Washington Post report. Citing an unnamed source close to the matter, the report says “an announcement […]
Canadian banks are on an acquisition spree, having completed 118 purchases since 2008.