Joe Castaldo, Canadian Business

Fintech firms are battling banks—and the banks are winning

Fintech was supposed to disrupt the financial old guard, but the market hasn’t been impressed with their performance so far.

By Joe Castaldo, Canadian Business |May 18, 2016

2 min read

Economic Indicators

Canadian banks on acquisition spree

Canadian banks are on an acquisition spree, having completed 118 purchases since 2008.

By Joe Castaldo, Canadian Business |November 30, 2012

3 min read

Economic Indicators

Will Iceland get loonie?

Three years ago, Iceland suffered a catastrophic banking collapse. Over a few days in October 2008, all three of its major banks fell, turning the country of 319,000 people into the first casualty of the financial crisis. By some measures, it was the largest financial system failure ever experienced by a single nation.

By Joe Castaldo, Canadian Business |November 11, 2011

11 min read

Industry

The Mark Carney bubble

It takes guts to stand up in a room full of distinguished men and women and tell them their opinions are ridiculous. This is not a problem for Bank of Canada governor Mark Carney.

By Joe Castaldo, Canadian Business |October 27, 2011

8 min read

Industry

End of the road for Goldman’s Global Alpha

In the early 1990s, a director in the asset management division at Goldman Sachs approached Clifford Asness (above), a trader of mortgage-backed securities in his late 20s, with a proposal: Would he like to run Goldman's new quantitative research desk?

By Joe Castaldo, Canadian Business |October 7, 2011

3 min read