Laggard banks will likely face increased competition
Scotiabank’s recent acquistions were a complimentary fit
TD, CIBC and Visa take part in $2.25 billion offer to Aimia
The overall amount of infrastructure finance has grown in recent years after a temporary drop during the financial crisis, report finds
Discussion paper proposes tweaks to better suit the Canadian banking market
Clients have the option to handle simpler transactions on their own, while advisors can help with more complex financial needs
The increase will raise the cost of borrowing for clients with variable rate mortgages and lines of credit
The transaction is intended to double Scotia’s presence in Chile
Fintechs should be required to meet similar standards as the traditional banks when it comes protecting client data
The revised capital adequacy guideline for banks would take effect in Q1 2019