Royal Bank of Canada’s CFO Dismissal Sparks Controversy
The dismissal of Royal Bank of Canada’s Chief Financial Officer, Nadine Ahn, over an undisclosed relationship with another employee has sent shockwaves through the banking sector, sparking debates on workplace ethics.
Canada’s International Student Cap Sparks Concerns in Ontario and British Columbia
Canada’s decision to implement a two-year cap on international student permits, reducing the total to approximately 360,000, is causing apprehension, particularly in Ontario and British Columbia (BC)
Credit Suisse scrambles to finalise revamp as deadline looms
Credit Suisse is racing to firm up sales of part of its business that could limit the cash it needs from investors, a person with direct knowledge of the matter said, with just days to go before the bank unveils an overhaul.
Analysis: As British lender HSBC considers Canada unit sale, antitrust issues loom
As British lender HSBC Plc explores a potential sale of its Canadian unit, lawyers and analysts say the country’s concentrated banking market could discourage big domestic banks from bidding as the government has charged the antitrust regulator to push for more competition.
Canada bank investors fret over pace of lending recovery as deposits surge
Canadian banks started to see a much-awaited improvement in their core lending outside of mortgages in the third quarter, helping offset the impact of falling margins, but the benefits from the recovery are expected to be blunted by deposits growing at faster clip.
