National Bank reports Q2 profit of $261 million
Increasing loan volumes boost personal and commercial banking
- By: The Canadian Press
- May 27, 2010 May 27, 2010
- 18:35
Increasing loan volumes boost personal and commercial banking
Stronger loonie impacts capital markets, wealth management businesses
Revenue jumps 10%
Bank rebounds from year-earlier loss, but falls short of analyst expectations
Revenue up on organic growth
Bank beats estimates with $745 million profit
Most financial services firms are taking a proactive approach in preparing for possible business disruptions; laggards should start planning now
Changes in financial reporting will require companies to explain possible changes in earnings per share and increases in pension liabilities
Co-chair Goldring hoping to build on last year’s success
Top priority has to be to strengthen the global system’s ability to avoid failures, IIF says
BMO to kick off earnings season on Wednesday
Firms will seek operational efficiency as their compliance costs and errors and omissions premiums increase
Members on alert, CBA says
Proposed changes represent risks to the credit quality of the bank sector
Proposals could have a negative impact on the Canadian financial services industry
9 member team to operate from London, New York and Hong Kong
Investments in wealth management group beginning to show early signs of success, Reynolds says
Program includes preferred rate GIC
Policymakers urged to consider design and timing of new measures
Canada under pressure to go along with Europe and the U.S.
Code takes effect Aug. 16
Increased investment in cleantech and life sciences
Increased investments by Canadian funds both at home and abroad
Institutional investors seeking safety in cash
Insurer urges Ottawa to invest more resources to better protect Canadians against economic crimes