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Financials News

Dodig focuses on stability as new era dawns at CIBC

Canadian Imperial Bank of Commerce’s new chief executive has unveiled an executive team focused on continuity, despite one notable departure.

Posted on 9-15-2014 at 10:00 AM
TD, RBC among buyers if HSBC sells Canada unit, analyst says

TD, RBC among buyers if HSBC sells Canada unit, analyst says

Toronto-Dominion Bank and Royal Bank of Canada are among lenders that would find HSBC Holdings Plc’s Canadian operations attractive if they were for sale, BMO Capital Markets analyst Sohrab...

Posted on 9-12-2014 at 1:44 PM

RBS, Lloyds to move south if Scots vote for independence

Scotland's two biggest banks have said they would relocate to England if Scots vote for independence next week, adding to the economic uncertainties the country faces if it decides to end...

Posted on 9-11-2014 at 10:12 AM

Bank of Montreal brings back the 2.99% mortgage

Bank of Montreal has once again lowered its five-year fixed mortgage rate to 2.99 per cent, from 3.29 per cent, a move that could cause more downward pressure on rates at a time when...

Posted on 9-10-2014 at 8:08 AM

Scottish banks gird for possible independence

Scotland’s bankers will ensure their vaults and cash machines are fully stocked in case a vote for Scottish independence prompts customers to pull their deposits.

Posted on 9-09-2014 at 10:56 AM

Manulife buys Canadian assets of Standard Life for $4B

Manulife Financial Corp. is acquiring the Canadian operations of Britain’s Standard Life PLC in a $4-billion deal that builds both insurers’ wealth businesses and boosts Manulife’s presence...

Posted on 9-04-2014 at 7:21 AM
Fairfax Financial buys insurer Pethealth

Fairfax Financial buys insurer Pethealth

Fairfax Financial Holdings Ltd. has struck a deal to acquire Oakville Ont.-based Pethealth Inc. for $100 million, boosting its bet on the burgeoning pet insurance market.

Posted on 8-30-2014 at 12:53 AM

JPMorgan hack said to start months ago exploiting multiple flaws

Hackers burrowed into the databanks of JPMorgan Chase & Co. and deftly dodged one of the world’s largest arrays of sophisticated detection systems for months.

Posted on 8-29-2014 at 8:10 AM

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