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Posts Tagged ‘credit crisis’

RBC Posts 18% Profit Loss

Thursday, August 26, 2010, 10:50
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Royal Bank of Canada (RBC) did not meet analyst expectations as it reported an 18% drop in the third quarter net income, due to a major drop in profits from its capital markets division. Canada’s largest bank has earned $1.28 billion in the quarter that recently ended, however it is down from the record $1.56 billion earned ... Full story

Tags: analyst expectations, Bank of Montreal, bank subsidiary, banking sector, BMO, canadian imperial bank, canadian imperial bank of commerce, CIBC, credit crisis, credit losses, firstcaribbean international bank, loan losses, mccaughey, personal lending, quarter revenue, quarterly dividend, regulatory environment, third quarter results

CIBC Reports Increase in Profits

Wednesday, August 25, 2010, 10:00
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Canadian Imperial Bank of Commerce (CIBC) has released their third quarter results, and it shows an increase in profits from the same period a year ago. This increase in profits is all thanks to strong gains seen in its personal and business banking divisions and shrinking provisions for bad loans. CIBC has ... Full story

Tags: analyst expectations, Bank of Montreal, bank subsidiary, banking sector, BMO, canadian imperial bank, canadian imperial bank of commerce, CIBC, credit crisis, credit losses, firstcaribbean international bank, loan losses, personal lending, quarter revenue, quarterly dividend, third quarter results

Canadian and U.S. Recoveries Slow Down

Saturday, July 31, 2010, 8:29
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The economy’s slowdown from the initial speedy recovery has continue in May with a second consecutive month of underwhelming output that has raised more questions about the Bank of Canada’s decision to raise interest rates. Disappointingly, the Canadian economy has moved at a pace of 0.1% during the month, after the flat ... Full story

Tags: Bank of Canada, canada project, canadian economy, consensus, credit crisis, economic recovery, first quarter, g7, interest rates, quarter point, recession, second consecutive month, second quarter, sectors, slowdown, speedy recovery, which ended june

Key Issues for G20 Summit

Friday, June 25, 2010, 7:55
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Finance Minister Jim Flaherty made it clear yesterday that Canada’s stable banking system and sound financial system has only made it the natural choice to lead the G20 back from the economic ‘wilderness”. Flaherty noted that it remains uncertain at times, as Canada is leading the way in helping the fragile global recovery. The targets are clear, ... Full story

Tags: austerity, banking system, credit crisis, double dip, finance minister jim flaherty, financial sector reform, g20 summit, global credit, global markets, global recovery, great depression, labor markets, leading the way, mortgage meltdown, rate increase, summit agenda, sustainable economic growth, yuan currency

Carney: European Debt Crisis Affects has been Modest

Friday, June 11, 2010, 8:38
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The European Debt Crisis has had a modest impact on Canada, however the crisis is far from over. The Bank of Canada Governor Mark Carney noted that with the European debt crisis is not over at all, and that the governments need to be on healthy fiscal paths. Carney goes onto ... Full story

Tags: Bank of Canada, bank of canada governor, banks, capital markets, commodity prices, cost of borrowing, credit crisis, debt crisis, economist, governments, housing market, mark carney, rate hike, recession, world bank

New Banking Rules a Threat?

Friday, April 9, 2010, 8:34
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Rick Waugh, Scotiabank chief executive noted that Canadian banks could be weakened by the stricter international regulations that could possibly change the way financial institutions handle loans. The new proposed international lending rules threaten the foundation that has strengthened domestic banks in the face of the global credit crisis. Waugh noted that there is a real danger for ... Full story

Tags: banking industry, business loans, canadian banks, credit crisis, domestic banks, financial institutions, financial sector, financial stability, g20 summit, global credit, global crisis, global integration, global rules, government leaders, liquid assets, rick waugh, risk management, summit meeting

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

PH&N Introduces RBC Institutional Cash Funds

Thursday, February 11, 2010, 9:16
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Philips, Hager & North Investment Management Ltd. (PH&N) has launched a suite of institutional cash mutual funds intended to help treasury managers and others with similar responsibilities increase the return potential of their organization’s short term cash assets. Damon Williams, head of RBC Global Asset Management, institutional client group, and PH&N President noted that ... Full story

Tags: cash assets, credit crisis, fixed income, global asset management, institutional client group, investment management ltd, investment objectives, investment portfolio, money market, Mutual Funds, philips hager, rbc global, term investors, treasury managers

Scotia Capital Expands Global Equity Finance Group

Wednesday, September 2, 2009, 10:11
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On September 1st, Scotia Capital announced the expansion of its Global Equity Finance Group`s U.S. stock lending business through the addition of agent lending. The expansion complements Scotia Capital`s recent launch of principle lending platforms in the UK and Asia. The Global Equity Finance Group will continue to explore opportunities to broaden Scotiabank`s stock lending mandate, and remained ... Full story

Tags: credit crisis, finance group, global equity, institutional equities, managing director, nasd, national association of securities, scotia capital, securities dealers, stock lending