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Financials News

Scotiabank has muscle to make acquisitions: CEO
Bank of Nova Scotia said on Tuesday it has the financial muscle to make acquisitions to supplement organic growth if opportunities arise that fit its strategic objectives.
Posted on 4-12-2016 at 11:56 AM
Financial services firms should be ‘force for good’: RBC chief
Royal Bank of Canada’s chief executive officer Dave McKay said that financial services should be a “force for good” at the bank’s annual shareholder meeting, possibly in reaction to recent reports suggesting that RBC has opened hundreds of offshore accounts for clients.
Posted on 4-06-2016 at 11:00 AM
CIBC exploring U.S. expansion despite lower loonie
Canadian Imperial Bank of Commerce continues to look for expansion opportunities in the United States, even as rising asset prices and a lower Canadian dollar have posed challenges for acquisition attempts for more than a year.
Posted on 4-05-2016 at 1:49 PM
Banks set to face greater scrutiny in wake of Panama Papers revelations
Global banks will likely be subject to greater regulatory and law enforcement scrutiny following the release of leaked documents that shed light on shell companies and overseas tax havens.
Posted on 4-05-2016 at 7:17 AM
Named in ‘Panama Papers’, RBC says controls in place to prevent illegal activity
Royal Bank of Canada, one of the institutions mentioned in the massive leak of documents revealing the use of offshore tax havens by individuals, says it has a rigorous process in place to prevent illegal client activity.
Posted on 4-04-2016 at 9:33 AM

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