Canada Banks
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Laurentian Bank completes strategic review without deal to sellA strategic review is often seen by investors as a prelude to a sale by a company. However, Laurentian said it will work on simplifying its organizational structure.MoneySep 14, 2023
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RBC warns of more job cuts after beating profit estimates; TD missesCanada's largest bank RBC and TD Bank kicked off big bank earnings Thursday - both setting aside more money for loans that could go sour.MoneyAug 24, 2023
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National Bank buying SVB’s Canadian commercial loan portfolioNational Bank of Canada says it will acquire the Canadian branch of Silicon Valley Bank's commercial loan portfolio. The deal is expected to close in the coming weeks.MoneyAug 1, 2023
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As shares soar, is Laurentian Bank about to be put up for sale?A strategic review is often seen by investors as a prelude to a sale by a company. The bank said it does not intend to disclose further developments until the review is concluded.CanadaJul 12, 2023
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National Bank joins other major lenders in setting aside more cash for bad loansNational Bank of Canada raised its quarterly dividend and reported its second-quarter profit fell compared with a year ago and increased loan loss provisions.MoneyMay 31, 2023
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Are Canadian banks under pressure? What to know ahead of earnings this weekCanadian banks are expected to report a rise in bad debt provisions and highlight risks from commercial property loans when they report earnings this week.EconomyMay 23, 2023
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Canada’s bank deposit insurance limits being reviewed after SVB collapse, trade group saysThe Bank and Trust Companies Association, which has called for coverage to be doubled, says the Canada Deposit Insurance Corporation is reviewing the current regime.MoneyMar 21, 2023
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Scotiabank, BMO report Q1 profit dip as lenders set aside more money for loan defaultsBMO and Scotiabank both reported lower first-quarter profit as Canada's big banks release quarterly earnings.MoneyFeb 28, 2023
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Higher credit requirements manageable amid rising economic risks, bank CEOs sayCanadian bank CEOs say they're able to adapt to the higher credit requirements the banking regulator has set in response to rising economic vulnerabilities.EconomyJan 9, 2023
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CIBC reports Q4 profit down amid gloomy economic outlookCIBC reported its fourth-quarter profit fell to $1.19 billion compared with $1.44 billion in the same quarter last year. Here's why.MoneyDec 1, 2022
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