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Big Six Banks Fight Against Tougher Rules

Thursday, April 8, 2010, 8:40
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A report shows that the bosses of Canada’s big six banks are fighting against having tougher global rules to govern the financial sector. The Globe and Mail reports that the chief executive officers of Canada’s biggest banks are worried that reforms to the global banking industry are being hammered out in haste. A major concern is that the ... Full story

Tags: annual meeting, bank of nova scotia, banking industry, banking systems, biggest banks, chief executive officer, chief executive officers, financial sector, free banking, global banking, global rules, globe and mail, recession, regulators, rick waugh

Canada’s Biggest Banks Earn $5.09B in First Quarter

Wednesday, March 10, 2010, 9:37
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Canada’s five biggest banks saw their profits rise by almost two-thirds in the first quarter of 2010, compared to the same period last year when the recession had taken root and any earnings were taken away. The banks have earned a combined total of $5.09 billion in the three months that ended on January 31st; compared to ... Full story

Tags: Bank of Montreal, banking industry, banking sector, biggest banks, BMO, canadian imperial bank of commerce, CIBC, credit crisis, loan losses, RBC, recession, Royal Bank of Canada, service analyst, toronto dominion bank

RBC’s Profit Increases 35%

Thursday, March 4, 2010, 8:11
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Canada’s largest bank, Royal Bank of Canada (RBC) gained $1.5 billion profit in its first quarter, a 35% gain from the same period a year ago, however it still missed analysts expectations. RBC announces its net earnings to $1 per share, up from 78 cents per share or $1.1 billion ... Full story

Tags: biggest banks, cash earnings, consensus, credit losses, earnings per share, economic conditions, first quarter, gordon nixon, investor conference, management business, rbc capital markets, revenue shortfall, Royal Bank of Canada, share dividend, wealth management

Canada’s Big Banks Have Positive Outlook for the Future

Thursday, September 17, 2009, 7:58
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Canadian Banks, particularly the larger ones were basking in their strong third quarter performance which came about despite the global financial crisis in which score from other financial institutions around the world crashed. In Toronto, we see many senior executives declaring the gains banks made as they look forward to some of the opportunities brought about by ... Full story