ATB Financial, the largest Alberta-based financial institution, reported a 12.8% increase in its net income, up to $195 million for the year ending March 31, 2012.
Charles Dallara, head of the Institute of International Finance, wrote up a to-do list for the Eurozone this past Friday, which may help Greece stay put.
TD Bank’s second quarter earnings jumped 14% over 2Q11, reflecting record retail earnings and a solid performance from wholesale banking.
RBC reports net income of $1,563 million for the second quarter of 2012. The bank’s true net income was $1,765 million, up $83 million or 5% from last year, but the reporting number accounts for a $202 million after-tax loss from its acquisition of the remaining 50% of RBC Dexia. The bank’s solid performance was […]
CIBC proved the strength of Canada’s banks when it landed on Bloomberg’s list of the world’s strongest institutions this past month. Now, Retail Banker International (RBI) has recognized RBC as the best retail bank in North America. The international group also named Dave McKay, group head of Canadian banking at RBC, as retail banker of […]
Canadian banks started the year with strong earnings momentum, but will report slower growth in the second quarter – characterized by lower trading revenues and a weaker outlook for the rest of the year.
Canada's financial sector is ranked as one of the world’s best, says a Bloomberg Markets ranking that placed four of Canada's banks among the world's strongest. But, RBC also made Moody's tally of 17 banks and firms that may soon face downgrades to their long-term credit ratings.
Credit conditions in the U.S. are improving due to the rising demand and easier terms for loans, according to the quarterly Federal Reserve survey of senior loan officers.
The strength of Canada’s banks has become the stuff of international legend, having skated through the 2008 global financial crisis unscathed. The official story is that strong regulation saved the day. Unofficially, there’s a different story.
Jim Flaherty and Canadian banks are headed for a showdown, with banks continuing to skirt federal rules over selling insurance on their websites. Speaking to reporters in Washington on the weekend, Flaherty said the issue, which first emerged in October, is “still around,” even though the Harper government is intent on stopping the practice. By […]