banks – Investment Executive https://uat-phoenix.investmentexecutive.com Canada's news source for financial professionals Tue, 11 Feb 2025 20:13:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://uat-phoenix.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png banks – Investment Executive https://uat-phoenix.investmentexecutive.com 32 32 Bank of Canada appoints Michelle Alexopoulos to new deputy governor role https://uat-phoenix.investmentexecutive.com/news/industry-news/bank-of-canada-appoints-michelle-alexopoulos-to-new-deputy-governor-role/ Tue, 11 Feb 2025 20:13:11 +0000 https://www.investmentexecutive.com/?p=502288 The U of T economics professor will work with the bank in a part-time role

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]]> TD Bank to get $20 billion from selling Charles Schwab stake https://uat-phoenix.investmentexecutive.com/news/industry-news/td-bank-to-get-20-billion-from-selling-charles-schwab-stake/ Tue, 11 Feb 2025 16:33:03 +0000 https://www.investmentexecutive.com/?p=502234 The bank is looking for ways to simplify its holdings and chart a path forward: CEO

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]]> RBC quits UN-backed Net-Zero Banking Alliance https://uat-phoenix.investmentexecutive.com/news/industry-news/rbc-quits-un-backed-net-zero-banking-alliance/ Fri, 31 Jan 2025 21:16:54 +0000 https://www.investmentexecutive.com/?p=501531 Bloomberg New Energy Finance ranked RBC as having the worst ratio of clean energy to fossil fuel funding among major global banks

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]]> BMO becomes first Canadian bank to withdraw from banking climate alliance https://uat-phoenix.investmentexecutive.com/news/industry-news/bmo-becomes-first-canadian-bank-to-withdraw-from-banking-climate-alliance/ Fri, 17 Jan 2025 20:40:34 +0000 https://www.investmentexecutive.com/?p=500508 As of Friday, the other Big Six banks were still listed as members

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]]> TD Bank moves up incoming CEO’s start date, cuts bonuses for 41 execs https://uat-phoenix.investmentexecutive.com/news/industry-news/td-bank-moves-up-incoming-ceos-start-date-cuts-bonuses-for-41-execs/ Fri, 17 Jan 2025 15:12:44 +0000 https://www.investmentexecutive.com/?p=500415 The bank says it cut the bonuses to reflect the seriousness of its anti-money laundering failures

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]]> Product roundup: BlackRock doubles down on its spot bitcoin ETF https://uat-phoenix.investmentexecutive.com/news/products/product-roundup-blackrock-doubles-down-on-its-successful-spot-bitcoin-etf/ Mon, 13 Jan 2025 20:16:45 +0000 https://www.investmentexecutive.com/?p=500089 Plus, other firms announce fee changes, fund closures and mergers

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]]> Bank CEO worries shift to political uncertainty as mortgage risks ease https://uat-phoenix.investmentexecutive.com/news/industry-news/bank-ceos-see-mortgage-risk-easing-as-attention-turns-to-political-uncertainty/ Tue, 07 Jan 2025 16:33:26 +0000 https://www.investmentexecutive.com/?p=499660 Big banks preparing for range of scenarios with incoming Trump administration

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]]> OSFI keeps domestic stability buffer on hold at 3.5% https://uat-phoenix.investmentexecutive.com/news/from-the-regulators/osfi-keeps-domestic-stability-buffer-on-hold-at-3-5/ Tue, 17 Dec 2024 17:14:48 +0000 https://www.investmentexecutive.com/?p=498724 The hold reflects OSFI's view that risks facing the financial system remain generally stable

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]]> Scotiabank wins regulatory approval for second phase of KeyCorp investment https://uat-phoenix.investmentexecutive.com/news/industry-news/scotiabank-wins-regulatory-approval-for-second-phase-of-keycorp-investment/ Fri, 13 Dec 2024 14:31:29 +0000 https://www.investmentexecutive.com/?p=498505 The Canadian bank announced in August a plan to acquire a 14.9% stake in KeyCorp

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]]> Canadian Western Bank delays earnings release without saying why https://uat-phoenix.investmentexecutive.com/news/industry-news/canadian-western-bank-delays-earnings-release-without-saying-why/ Fri, 06 Dec 2024 20:59:26 +0000 https://www.investmentexecutive.com/?p=498130 The bank says it will put out its year-end results in mid-December

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