Industry News

Industry

CIBC profits down on higher loan loss provisions after revised economic outlook

Full-time employee equivalent count was down 1,709 from Q4 of 2022

By Ian Bickis, Canadian Press |August 31, 2023

3 min read

Industry

National Bank Q3 profit edges higher, provision for credit losses also up

Revenues in wealth management increased 6% year over year

August 30, 2023

3 min read

Industry

Conquest partners with CapIntel

Deal brings Conquest software to CapIntel platform

By Staff |August 30, 2023

1 min read

Industry

Scotiabank loan growth slows on cautious approach, deposit focus

The bank's wealth management profits declined from the previous quarter

By Ian Bickis, Canadian Press |August 29, 2023

3 min read

Industry

BMO earnings hit by severance, legal costs as it focuses on containing expenses

Costs related to layoffs totalled $223 million, though the bank didn't disclose the number of employees let go

By Ian Bickis, Canadian Press |August 29, 2023

3 min read

Industry

Survey reveals age divide in use of AI for finances

Many who remain skeptical may be using the technology already

By Staff, with files from The Canadian Press |August 28, 2023

1 min read

Industry

Canadian banks face squeeze between climate expectations, market pressures

Activists say banks aren't delivering on efforts against climate change

By Ian Bickis, Canadian Press |August 28, 2023

4 min read

Industry

BCSC sanctions sales-rule violations

Former firm provided reps with improper incentives, regulator alleged

By James Langton |August 25, 2023

1 min read

Regulation

SEC sanctions investor overcharging

Back-office snafu meant clients didn't get discounts on standard fees

By James Langton |August 25, 2023

2 min read

Industry

RBC reports $3.9B profit, says ramping up job cuts ahead of economic slowdown

The warning about cuts follows the bank's trimming of 1% of full-time equivalent employees in Q3

By Ian Bickis, Canadian Press |August 24, 2023

3 min read

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