Friday, September 19, 2014 12:00 AM - Barrie McKenna, The Globe and Mail
The Supreme Court of Canada has ruled against nine of the country’s largest financial institutions in a decade-old class action lawsuit that raises questions about provincial power in federally regulated industries.
Monday, September 15, 2014 12:00 AM - Tim Kiladze, The Globe and Mail
Canadian Imperial Bank of Commerce’s new chief executive has unveiled an executive team focused on continuity, despite one notable departure.
Friday, September 12, 2014 12:00 AM - Doug Alexander, Bloomberg
Toronto-Dominion Bank and Royal Bank of Canada are among lenders that would find HSBC Holdings Plc’s Canadian operations attractive if they were for sale, BMO Capital Markets analyst Sohrab Movahedi said.
Thursday, September 11, 2014 12:00 AM - Matt Scuffham, Reuters
Scotland's two biggest banks have said they would relocate to England if Scots vote for independence next week, adding to the economic uncertainties the country faces if it decides to end its 307-year union with the rest of the UK.
Wednesday, September 10, 2014 12:00 AM - Tavia Grant, The Globe and Mail
Bank of Montreal has once again lowered its five-year fixed mortgage rate to 2.99 per cent, from 3.29 per cent, a move that could cause more downward pressure on rates at a time when they’re already defying expectations.
Tuesday, September 09, 2014 12:00 AM - Matt Scuffham and Simon Jessop London, Reuters
Scotland’s bankers will ensure their vaults and cash machines are fully stocked in case a vote for Scottish independence prompts customers to pull their deposits.
Thursday, September 04, 2014 12:00 AM - Jacqueline Nelson, The Globe and Mail
Manulife Financial Corp. is acquiring the Canadian operations of Britain’s Standard Life PLC in a $4-billion deal that builds both insurers’ wealth businesses and boosts Manulife’s presence in Quebec.
Saturday, August 30, 2014 12:00 AM - James Bradshaw, The Globe and Mail
Fairfax Financial Holdings Ltd. has struck a deal to acquire Oakville Ont.-based Pethealth Inc. for $100 million, boosting its bet on the burgeoning pet insurance market.
Friday, August 29, 2014 12:00 AM - Jordan Robertson and Michael Riley, Bloomberg News
Hackers burrowed into the databanks of JPMorgan Chase & Co. and deftly dodged one of the world’s largest arrays of sophisticated detection systems for months.
Thursday, August 28, 2014 12:00 AM - Reuters
Canadian Imperial Bank of Commerce reported a higher third-quarter profit on Thursday, helped by strong gains at its wealth management and investment dealer divisions.