Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
European Central Bank review could push weak banks to raise money, restructure + MORE Oct 25th
FRANKFURT – The European Central Bank on Sunday will reveal the results of a yearlong search through the books of Europe’s 130 biggest banks, a key part of the region’s effort to recover from its debt and economic crisis.
The review aims to weed out banks that are hiding financial .... More »
After a record run of profits, Canada’s Big Six banks brace for shift Nov 30th
Expectations for banks’ earnings encouraging, but focus has shifted to near future, where revenue growth will be tougher to generate
.... More »
Bank of Canada may lose billions in coming years, think tank warns - CBC News + MORE Jan 12th
Bank of Canada may lose billions in coming years, think tank warns CBC NewsOpinion: The Bank of Canada's millions in balance-sheet losses are only the beginning The Globe and MailPosthaste: Bank of Canada could lose up to $8.8 billion over next few years: report Fina.... More »
MoneySense magazine: Summer 2015 + MORE Jun 2nd
MoneySense magazine: June 2015
Volume 17, Number 4
Download the MoneySense app to read this issue on your tablet or smartphone starting June 3, it’s free for subscribers!
You can also find issues of MoneySense magazine along with 100+ other titles on the Next Issue app. Start your 30-day fre.... More »
Get Ready for Springtime Spending + MORE Apr 23rd
Winter has finally lessened its grip, and cold weather-weary Canadians have emerged to enjoy the sunnier days. But it’s not just spring flowers that are in for a growth spurt; warmer weather can have a taxing effect on the wallet as well.
Read on for this week’s top savings tips, from the best .... More »
Deutsche Bank raises 8 billion in new capital ahead of new regulatory setup
– canadianbusiness.com
FRANKFURT – Deutsche Bank says it is raising 8 billion euros ($11 billion) in new capital from investors to strengthen its finances as it faces tighter regulation and seeks to invest in promising business areas.
The bank says it will raise 6.3 billion euros in a rights offering and has already secured 1.75 billion euros by placing shares with a single investor from Qatar.
Co-CEO Anshu Jain told analysts Monday that the fresh capital would also help it meet “unforeseen challenges” that may be ahead.
The move will increase the bank’s capital ratio, a key measure of financial strength, to 11.8 per cent. That is well beyond the bank’s 10 per cent goal.
Banks across Europe have been shedding risky investments and raising new capital as they seek to meet new regulatory standards.
The post Deutsche Bank raises 8 billion in new capital ahead of new regulatory setup appeared first on Canadian Business.
The bank says it will raise 6.3 billion euros in a rights offering and has already secured 1.75 billion euros by placing shares with a single investor from Qatar.
Co-CEO Anshu Jain told analysts Monday that the fresh capital would also help it meet “unforeseen challenges” that may be ahead.
The move will increase the bank’s capital ratio, a key measure of financial strength, to 11.8 per cent. That is well beyond the bank’s 10 per cent goal.
Banks across Europe have been shedding risky investments and raising new capital as they seek to meet new regulatory standards.
The post Deutsche Bank raises 8 billion in new capital ahead of new regulatory setup appeared first on Canadian Business.
