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.
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’s TD, CIBC profits beat estimates; loan growth offsets higher costs, provisions
Toronto-Dominion Bank (TD.TO) and Canadian Imperial Bank of Commerce (CM.TO) posted better-than-expected third-quarter profits on Thursday, with the former driven by lower provisions for credit losses (PCL) than anticipated, and the latter’s due to better revenues than predicted.
Canada’s Scotiabank profit rises on lending strength in international unit
Bank of Nova Scotia reported third-quarter profit a touch below estimates on Tuesday, but earnings rose from a year earlier as strong loan growth, particularly in its international business helped offset challenges in its wealth and capital markets units.
Explainer: How will Rogers’ C$20 bln contested bid for Shaw play out
Rogers Communications (RCIb.TO) faces a tough antitrust regulator and a July 31 deadline to close its C$20 billion ($15.5 billion) acquisition of Calgary-based Shaw Communications (SJRb.TO).
Analysis: China’s property woes put prestige global projects in play
China’s property sector woes could spell trouble for prestige mega-projects in London, New York, Sydney and other top cities as the developers behind them scramble for cash.
