7 h. ago Laurentian Bank bowing out of retail banking from stiff competition: CEO

The head of Laurentian Bank of Canada says the country’s retail banking industry had become too competitive for it to try and go it alone. The bank announced Tuesday it was splitting itself up with plans to effectively give its retail and small and medium business segments to National Bank, and sell its commercial operations […]

Other

7 h. ago Markets Bet Bank of Canada Hikes by Late 2026 After Jobs Surprise

Markets increasingly expect the Bank of Canada’s next move will be a rate hike next year, as the country’s unexpected labor market strength suggests further monetary easing may not be needed despite US tariffs.

Other

27 h. ago Banker Bonus Pools Rise 15% at Canada’s Big Lenders in Busy Year

Canada’s biggest lenders set aside 15% more for banker bonus pools in fiscal 2025, a year when the firms’ capital-markets divisions were more active on deals and US President Donald Trump’s policy swings kept trading desks busy.

Politics

48 h. ago Canada’s EQB to Buy Banking Unit of Country’s Largest Supermarket Chain

Canadian lender EQB Inc. is buying the banking division of the country’s largest supermarket chain to boost its deposit and credit card businesses.

Other

61 h. ago Laurentian Bank failed to keep up with the times, analysts say

According to its 2022 annual report, it had one of the worst efficiency ratios — a measure of its ability to control overhead expenses — of any bank in Canada.

Other

3 d. ago What Laurentian Bank customers can expect amid sale to National Bank

Laurentian Bank’s retail customers are poised to move to National Bank, the latest in a wave of consolidation in the banking industry. In a split-sale agreement, National Bank will take over Laurentian’s retail loans and deposits as well as the small business segment while Fairstone Bank of Canada acquires the commercial operations. While the length […]

Society

3 d. ago Laurentian Bank announces split sale to Fairstone Bank and National Bank

MONTREAL —Laurentian Bank is being split up and sold, its commercial operations going to Fairstone Bank of Canada in a $1.9 billion deal while National Bank is buying the retail and small business segment for roughly book value. The deal is the culmination of years of struggles at the more than 175-year-old bank to turn […]

Society

3 d. ago Fairstone Bank to buy Laurentian Bank of Canada for $1.9 billion

National Bank to acquire Quebec bank's retail and small business portfolios

Economics

9 d. ago Reeves Lifts Hurdle to Bank of England Cut With Budget Measures

Rachel Reeves cleared the path for the Bank of England to resume cutting interest rates next month, even though her budget was less inflation-battling than had been expected only a few weeks ago.

Other

9 d. ago Women, visible minorities gaining ground in venture capital, private equity: study

Diversity is increasing across Canada’s venture capital and private equity landscape, a new survey suggests. Research published Wednesday by the Business Development Bank of Canada found that 88 per cent of general partners (GPs) the organization surveyed had at least one woman on their investment committees last year. That was up from 63 per cent […]

Economics

1 week ago Banks Plan $4.5 Billion of Loans in Sealed Air LBO Debt Package

Clayton Dubilier & Rice is expected to sell about $4.5 billion of leveraged loans to help fund its acquisition of packaging firm Sealed Air as part of one of the biggest buyout financings underwritten by banks in months.

Economics

1 week ago Europe’s IPO Bankers See a Revival Next Year, for Real This Time

Bankers’ forecasts of an upcoming revival in European initial public offerings haven’t always stood the test of time. But next year, they say, really might be different.

Economics

2 w. ago Citi Announces CFO Transition Plans and Changes to U.S. Personal Banking Business

Mark Mason to transition out of CFO role in March 2026 and become Executive Vice Chair and Senior Executive Advisor to the Chair/CEO Gonzalo Luchetti to become CFO following transition period Retail Banking and U.S. Citigold to be integrated within Wealth U.S. Consumer Cards to become a standalone business led by Pam Habner NEW YORK […]

Economics

2 w. ago Canada Regulator Plans Looser Bank Rules to Boost Business Loans

Canada’s banking regulator is proposing to ease capital rules for certain corporate and real estate loans, aiming to fuel more business investment in the country.

Economics

2 w. ago TD Bank Sued by Chinese Employees in US Claiming Illegal Firing

Toronto-Dominion Bank was sued by a group of former employees who claim they were improperly fired from their jobs amid disclosure of widespread criminal money laundering through bank branches.

Other

2 w. ago Bank of Canada Warns on ‘Vicious Circle’ of Weak Productivity

The Bank of Canada said the country’s anemic productivity growth is a “systemic” problem, doubling down on its message to governments and businesses to urgently address the issue.

Other

2 w. ago Kasisto Powers AI for Banking Across the Microsoft Enterprise Ecosystem

New integration accelerates secure deployment of trusted AI agents for financial institutions worldwide. NEW YORK — Kasisto, a leader in banking AI, today announced that its KAIgentic platform is one of the first agentic platforms integrated with Microsoft Agent 365, enabling financial institutions to deploy intelligent, compliant banking AI agents across the Microsoft enterprise ecosystem. […]

Technology

2 w. ago Digital Commerce Bank Becomes First Bank in Canada to Launch Interac e

CALGARY, Alberta — Digital Commerce Bank (“DCBank”) proudly announces the launch of Interac e-Transfer® Cards as the first bank to bring this new and innovative product to market, allowing Canadians to bring creativity, personality, and meaning to the simple act of sending money. Integration of this new feature into web or mobile-based products is simple […]

Other

2 w. ago Deutsche Bank Joins Barclays, Apollo Targeting Energy Transition Deals

Deutsche Bank AG increased its ESG-related financing goals to target deals in high-carbon sectors.

Other

3 w. ago Chile Central Bank Member Was Open to Weighing October Rate Cut

Chile’s central bank said one board member was open to discussing a borrowing cost cut in October even as policymakers agreed there were continued inflation risks, according to the minutes to its last policy meeting.

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