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Financials News

Why history hasn’t been kind to CIBC’s forays in the U.S.
ANALYSIS: The acquisition of PrivateBancorp – a Chicago-based outfit that serves businesses and high-net-worth individuals – shows CIBC’s aversion to the U.S. marketplace is over.
Posted on 6-29-2016 at 12:51 PM
Scotiabank pairs up with fintech startup Kabbage to automate small business loans
Scotiabank is pairing up with online lender Kabbage to handle business loans for customers in Canada and Mexico.
Posted on 6-22-2016 at 10:22 AM
TD cuts growth outlook this year due to Alberta wildfires
The bank says it now expects the national economy to grow 1.3 per cent this year. That compares with a prediction in March for growth of 1.9 per cent.
Posted on 6-16-2016 at 11:31 AM
Canadian banks hike consumer fees even as collective profits rise
Several of Canada's biggest banks are upping the fees that they charge customers even as they continue to rake in hefty profits, and experts say Canadians are likely too complacent to do much about it.
Posted on 6-15-2016 at 8:57 AM
Canada's banking ombudsman needs stronger powers: Report
Canada’s banking and investment ombudsman needs strong new powers to compel financial firms to pay compensation to customers following a complaint, an independent review report recommends.
Posted on 6-06-2016 at 1:29 PM
Canadian Western Bank Q2 profit falls 37% on bad loans to energy sector
Canadian Western Bank says its second-quarter profit was down 37 per cent from the same time last year, mostly due to its previously announced increases to its provisions for bad loans to the energy sector.
Posted on 6-02-2016 at 9:44 AM
BMO acquires U.S. advisory firm to expand M&A business
Bank of Montreal says it expects to grow its U.S. mergers and acquisitions business through the purchase of a Minneapolis-based advisory firm, which will become part of BMO Capital Markets.
Posted on 6-02-2016 at 9:31 AM
National Bank profit falls 48% on bad energy loans; boosts dividend
National Bank of Canada has delivered quarterly results that look ugly but invite observers to look ahead to better times later this year.
Posted on 6-01-2016 at 9:09 AM

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