Operating profits for financial industries climbed 15.8% to an all-time high of $81.3 billion
Euro outpacing U.S. dollar these days
Because of the Big Six banks’ exposure to debt securities, various calculations must be used to determine their balance-sheet strength
The global banking business has taken a pounding over the past two quarters, and there’s every indication of more pain to come in the following months. Looking further ahead, however, the industry is expected to resume its impressive expansion. The question is: which banks will be poised to capture the spoils when it does?The credit […]
The big banks are the canaries in the coal mine of Canadian corporate governance. As a result of the shareholder proposals they receive, the banks are often among the first public companies to detect the hot issues of the day. This year, the canaries are facing a variety of new activist emissions, including initiatives to […]
Fitch Ratings foresees an increase in negative ratings actions in the year ahead.Given the likelihood of a slowdown in economic growth, continuing elevated levels of market risk, and a move away from the very low levels of credit defaults seen since 2004, the rating agency predicts these factors will all likely contribute to a continuing […]
Life insurers may be better positioned than the banks, with little or no exposure to credit problems. Plus they are well managed
Negative rating actions are likely if volatile market conditions persist
$89 million worth of debentures outstanding
Bank has completed two acquisitions and one more is pending