The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
Latest News
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Canadians not taking full Advantage of Online and Mobile Banking Technology
– ratesupermarket.ca
Canada is one of the most e-connected nations on the planet, so it should come as no surprise that online and mobile banking are growing in popularity. According to a recent Scotiabank poll, 85 per cent of us use our smartphones, tablets or personal computers to access our bank, mostly for simple tasks such as checking our balance and paying bills.
How often do we visit our banks online? About two thirds of us log in once per week, with the majority citing convenience, saving time, monitoring finances and the ability to bank outside of traditional branch hours (despite branches becoming more flexible with “banker’s hours” in recent years) as our reasons for doing so.
However, many Canadians aren’t using these powerful technologies to their full potential. When it comes to other tasks, the poll finds only 16 per cent of us use online and mobile banking to manage investments. A little more than one in 10 deposit cheques and perhaps most surprising – a very small three per cent of us apply for credit cards this way…
Troubled Italian bank UniCredit exceeds profit forecasts
– canadianbusiness.com
MILAN – Italian bank UniCredit’s second-quarter profits have beaten expectations, jumping 75 per cent thanks to the sale of investments and cost cuts.
The troubled bank, Italy’s biggest by assets, reported Wednesday net profit of 916 euros ($1 billion) in the three months ended June 30, compared with 522 million a year earlier. Analysts had forecast 715 million euros.
The bank is under intense investor scrutiny. A test of Europe’s 51 biggest banks showed UniCredit’s finances would be satisfactory in case of a renewed economic crisis. But the measure of its financial health was still the fourth-weakest.
UniCredit’s new CEO has been looking to raise capital, and announced the sale of its card processing business in Germany, Italy and Austria to SIA for 500 million euros.
Shares dropped 4 per cent to 1.76 euros.
The post Troubled Italian bank UniCredit exceeds profit forecasts appeared first on Canadian Business – Your Source For Business News.
The troubled bank, Italy’s biggest by assets, reported Wednesday net profit of 916 euros ($1 billion) in the three months ended June 30, compared with 522 million a year earlier. Analysts had forecast 715 million euros.
The bank is under intense investor scrutiny. A test of Europe’s 51 biggest banks showed UniCredit’s finances would be satisfactory in case of a renewed economic crisis. But the measure of its financial health was still the fourth-weakest.
UniCredit’s new CEO has been looking to raise capital, and announced the sale of its card processing business in Germany, Italy and Austria to SIA for 500 million euros.
Shares dropped 4 per cent to 1.76 euros.
The post Troubled Italian bank UniCredit exceeds profit forecasts appeared first on Canadian Business – Your Source For Business News.
Canadians not taking full Advantage of Online and Mobile Banking Technology
– ratesupermarket.ca
Canada is one of the most e-connected nations on the planet, so it should come as no surprise that online and mobile banking are growing in popularity. According to a recent Scotiabank poll, 85 per cent of us use our smartphones, tablets or personal computers to access our bank, mostly for simple tasks such as checking our balance and paying bills.
How often do we visit our banks online? About two thirds of us log in once per week, with the majority citing convenience, saving time, monitoring finances and the ability to bank outside of traditional branch hours (despite branches becoming more flexible with “banker’s hours” in recent years) as our reasons for doing so.
However, many Canadians aren’t using these powerful technologies to their full potential. When it comes to other tasks, the poll finds only 16 per cent of us use online and mobile banking to manage investments. A little more than one in 10 deposit cheques and perhaps most surprising – a very small three per cent of us apply for credit cards this way…
