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?
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Trump rebuffs bipartisanship, banks on base to tame turmoil - CTV News + MORE Jun 10th
CTV NewsTrump rebuffs bipartisanship, banks on base to tame turmoilCTV NewsWASHINGTON -- U.S. President Donald Trump is banking on his loyal base of supporters to help him through the tangle of the Russia turmoil. Trump had his core backers in mind as he responded to former FBI Director James Comey&.... More »
Scotiabank reports higher Q3 earnings, sets aside less money for bad loans + MORE Aug 30th
Scotiabank is the latest of the big banks to report higher profits in the third quarter, thanks to strong returns from its domestic and international banking operations..... More »
Central banks are intrinsically conservative to keep our money safe: Don Pittis + MORE Dec 5th
In the era of Donald Trump, it seems inevitable that the entrepreneurial urge to make hay while the sun shines is headed for a collision with the restraining forces of central banking..... More »
These preferred shares are looking particularly attractive right now Dec 13th
If central banks continue to hike rates, some underperforming segments of the market could flip to provide the best opportunities
.... More »
Banks turn to face and heartbeat recognition to boost security + MORE Jul 23rd
Royal Bank is testing technologies like iris scanning, speech recognition and fingerprint scans, while TD piloted a wristband that identifies its wearer by the electrical activity of their heart. Welcome to the bold new future of biometrics..... More »
As Alibaba goes public in biggest IPO in history, 10 things to know
– canadianbusiness.com
NEW YORK, N.Y. – China’s e-commerce giant Alibaba began trading its shares Friday on the New York Stock Exchange. Here are ten things to know about Alibaba, and why its initial public offering made history:
THE BIGGEST: Alibaba raised $21.8 billion in its debut, making it the biggest U.S.-listed IPO in history after the IPO of credit card processing company Visa in 2008. If Alibaba’s investment banks were to exercise their option to sell an additional 48 million shares, it could make Alibaba’s IPO the biggest in the world, beating out the $22 billion IPO of Agricultural Bank of China in 2010.
DON’T FORGET YAHOO: It may have been a big day for Alibaba and its founder Jack Ma, but Yahoo’s investors are feeling pretty good after Alibaba’s IPO. Yahoo was an early investor in Alibaba, paying $1 billion for a stake in the company in 2005. Yahoo likely made $8.3 billion to $9.5 billion in Alibaba’s IPO, and will still own a 16 per cent stake in the company worth $37…
THE BIGGEST: Alibaba raised $21.8 billion in its debut, making it the biggest U.S.-listed IPO in history after the IPO of credit card processing company Visa in 2008. If Alibaba’s investment banks were to exercise their option to sell an additional 48 million shares, it could make Alibaba’s IPO the biggest in the world, beating out the $22 billion IPO of Agricultural Bank of China in 2010.
DON’T FORGET YAHOO: It may have been a big day for Alibaba and its founder Jack Ma, but Yahoo’s investors are feeling pretty good after Alibaba’s IPO. Yahoo was an early investor in Alibaba, paying $1 billion for a stake in the company in 2005. Yahoo likely made $8.3 billion to $9.5 billion in Alibaba’s IPO, and will still own a 16 per cent stake in the company worth $37…
TD CEO Ed Clark says the banks compete “vigorously” with each other in the current environment and that’s good for consumers. But on the eve of his retirement, Clark would like to see the government tighten lending rules to deal with household debt.
The Supreme Court has given legal ammunition to a class-action suit that could mean a big payoff for Quebecers who used their credit cards outside Canada.
