Provision for credit losses climbs to $619 million
Quarterly profit rose at National Bank of Canada, even though the bank took previously announced writedowns for commercial paper, staff layoffs and other items.The bank said Thursday it earned $70 million, or 37¢ a share, in the fourth quarter, ended Oct. 31. That was up from the year-earlier period, when it lost $175 million, or […]
Plans to cut 5,300 jobs
Loan growth of 6% in the quarter
Bank heading into 2009 with strong capital position, McCaughey says
Wealth management income down 8% from a year ago
Bank expects modest growth in 2009, Waugh says
Insurer estimates Q4 loss of $1.5 billion
Cost savings of $30 million will help firm to structure itself better to meet aggressive goals
Despite a boost in operating revenue, ATB Financial experienced a hefty drop in profit in its second fiscal quarter thanks to higher provision for potential losses from ABCP, the company announced on Friday.Edmonton-based ATB reported profit of $5.7 million in the quarter ended Sept. 30, down from $8.5 million in the same period last year.Included […]