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Company: National Bank of Canada

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Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

DBRS estimates $27 billion in capital needed to keep ratios at current levels

Edmonton

The move continues consolidation in the Canadian banking industry

Skyline of the financial district

Easing financial pressures are expected to slow decline in credit quality, boost loan demand

Low angle view of Skyscrapers in downtown Toronto during the day

Open banking, fintech can enhance innovation, DBRS Morningstar says

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Environment, executive compensation and governance issues highlight the big banks' upcoming proxy season

Canadian flags in business district

Upfront spending weighs on banks' bottom lines, despite revenue growth

National Bank

Revenue for the quarter totalled $2.71 billion, up from $2.56 billion in the same quarter last year

diversity

Anti-ESG proposals fall flat with investors, SHARE reports

Low angle view of Skyscrapers in downtown Toronto during the day

Higher capital levels would give the banks a bigger cushion, given the weaker economic outlook, report says

Revenues were down slightly in Q4, while expenses and loan provisions were up