The growth in high net-worth individuals across North America has Canada's banks looking abroad more than ever
The name changes are the first step toward creating a single legal entity for the bank's wealth-management businesses
Compliance will act as a drag on profitability for most banks, rating agency says
Proposal aimed at helping banks withstand a credit crunch and preventing another financial crisis
Declines in mortgage banking revenues and weak fixed-income trading results were the primary drivers of weaker earnings
Large European banks will undergo a risk assessment, asset quality review, and stress test
Higher costs to financial institutions and more face time with their supervisors
Michèle Bourque, President and CEO of the Canada Deposit Insurance Corporation, discusses the progress being made in Canada in response to recent calls from the Financial Stability Board to implement regulations that will put an end to bailouts and "too big to fail." Bourque explains the steps the CDIC takes when a financial institution fails, and the role of the CDIC in providing security for the financial industry and Canadian consumers. Bourque spoke to Paula Virany, multimedia editor and video producer with Investment Executive at the TMX Broadcast Centre in Toronto.
Improvements in asset quality have stalled
Earnings from non-securities businesses should support bank profits