Several of Canada’s banks have indicated their intention to provide investors with an advisory vote on executive compensation, Meritas Mutual Funds announced Thursday.Such votes have become known as “Say on Pay”.Investors at CIBC and Royal Bank of Canada passed motions Thursday demanding the companies give them a voice on executive pay through non-binding shareholder votes […]
However, the banks also face revenue pressure in a number of their main business lines
Canadian banks are strong but still hampered by other countries’ problems
But every option issued in the past five years is worthless, as current share prices are lower than exercise prices
New report suggests that Canadian banks “pursued more prudent and more disciplined risk-management practices”
BCA research note says there is skepticism that the private sector is willing to inject further capital into banks
The regulator’s representative office will remain open in Canada to assist clients recover troubled assets
If not, government capital will be provided in the form of mandatory convertible preferred shares
Fund company releases sustainable investing annual report
Rating agency downgrades Bank of America, Citigroup