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Topic: Big Six banks


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In the News (Tue 23 Apr 19)

  
  Canada's Banks
Banks account for approximately 70 per cent of the total domestic assets held by the financial services sector, which includes insurance companies, trust companies, caisses populaires, credit unions and other financial institutions.
The Bank of Canada guarantees settlement in the extremely unlikely event that more than one LVTS participant were to fail on the same business day and the sum of the exposures of failed institutions were to exceed the collateral pledged to support such positions.
Shares of Schedule I banks were required to be widely held, with no single shareholder or group of shareholders holding more than 10 per cent of any class of shares, while Schedule II banks could be owned by eligible Canadian or foreign financial institutions.
www.fin.gc.ca /toce/2001/bank_e.html   (3108 words)

  
 Lenin: 1916/ni-beta: JEIDELS, RELATION OF THE GERMAN BIG BANKS TO INDUSTRY
A third form is attempts by the big banks to secure a place for themselves in an industry abroad by founding their own enterprises, or in many cases merely by acquiring an interest in existing ones”...
In a § on the relation of the big banks to the cartels (253–58), the author has somewhat “spread himself” and become incoherent.
N.B. “The striving of the big banks for concentration and purposeful guidance of industry is contradictory when it is restricted to certain branches of industry and thereby results in a still greater lack of co-ordination in other branches” (271).
www.marxists.org /archive/lenin/works/1916/ni-beta/jeidels.htm   (3200 words)

  
 TD not boosting provisions Second Big Six bank to buck industry rush to raise loan-loss charge in fourth quarter @ ...   (Site not responding. Last check: 2007-10-18)
TD, the second-largest of the Big Six domestic banks by stock market capitalization, boosted its provisions for fiscal 2001 to $620-million from $480-million in late June, saying it would charge $190-million in both the third and fourth quarters.
TD's announcement came a day after Bank of Nova Scotia chairman and chief executive officer Peter Godsoe indicated strongly in a speech in New York that, having boosted its provisions sharply early in the fiscal year, Scotiabank was not planning another hike in the fourth quarter.
The most dramatic of the hikes came at Bank of Montreal, which last Friday disclosed it was nearly quintupling its fourth-quarter charge to $546-million from a forecast $166-million.
www.workopolis.com /servlet/Content/qprinter/20011102/RTDTD   (592 words)

  
 Report on the Observance of Standards and Codes: Canada -- Banking
Profitability of the domestic banks is good, with a return on equity of around 15 percent for the six large banks, although profitability of foreign banks has been weak.
The banking system is regulated by a tripartite structure, the Office of the Superintendent of Financial Institutions (OSFI), which is the only agency responsible for supervising banks in Canada, the Canada Deposit Insurance Corporation (CDIC), and the Department of Finance-in charge of developing the policy and legislative framework for the financial sector.
Where the bank has corporate bodies responsible for activities that are deemed to be of significance in relation to the risk profile of the consolidated group, OSFI will extend its supervisory processes to that corporate body.
www.imf.org /external/np/rosc/can/banking.htm   (3383 words)

  
 Trends in the banking industry Shareowner - Find Articles   (Site not responding. Last check: 2007-10-18)
Moreover, while Canadian banks are often accused of being stodgy, the reverse is true; they are surprisingly flexible and innovative.
New products are being introduced all the time and the big six banks were high tech pioneers, weaning customers away from traditional services to electronic facilities.
Banks spent $3.3 billion on technology in 2001 and plan to spend even more in the future as banking moves to the Internet.
www.findarticles.com /p/articles/mi_qa4037/is_200301/ai_n9194488   (869 words)

  
 CBC News Indepth: Economy
Canadian banks make buckets from what is termed "interest-based revenue." That's the difference between what they pay you in interest and what the banks charge someone else to borrow.
Bank stocks are popular holds in hundreds of equity mutual funds too, because banks are such a big part of the Canadian economy, and because the market performance of the financial sector has been nothing short of sizzling over the last few years.
But if you're a holder of bank stock (and directly or indirectly, we all are), rising profits have also meant rising dividends and stock prices that have, on average, doubled in the last four years.
www.cbc.ca /news/background/economy/bank-profits.html   (966 words)

  
 Tony Cliff: Capitalist Economy in the Colonies (1947)
This banking and industrial system, which is ultra-modern, is based on an agrarian, feudal economy, from which it draws its strength and weaknesses alike, increasing the contradictions within both.
The fact that banking and industry draw their sustenance from the feudal agrarian relations, while at the same time pre-serving them, does not keep them from coming into conflict with these relations; for the purchasing power of the masses is limited by them, and thus also the possibilities of industrial development.
The fact that the industrial and banking system in the colonies is built on the same pattern as that of the most developed countries, proves that capitalism in the colonies, too, is ripe for the socialist revolution.
www.marxists.org /archive/cliff/works/1947/06/colonies.htm   (2969 words)

  
 Re-Examining Private Banking
In this type of banking, future banking or banking for tomorrow mainly involves ways and means of providing the required secrecy, and the methods of compensating these high net worth clients.
Banks are no longer regulated as tightly (pre 1980) and it is becoming easier for a collective group of investors to start a bank.
The impact of these mega-mergers between banks and other financial institutions on the banking industry and in specific on private banking, we hope, will not be the undesirable effect of having created a perceived need for greater government intervention to regulate the world of finance.
www.angelfire.com /dragon/asif/Re-Examining_Private_Banking.htm   (11526 words)

  
 LogicaCMG : Positive benefits of SEPA expected but continuing confusion is a major obstacle
One in five corporates and 8% of banks don’t yet know what impact SEPA will have on their business – despite the fact that the use of the first instruments is planned for 2007.
Simon Bailey continued: “We found that many banks are finding it difficult to define a business case for SEPA because of uncertainties on timings, standards and the degree of regulatory pressure.
The research also highlighted that what the banks need to do is to clearly articulate what SEPA means for their customers as well as the banks themselves.
www.logicacmg.com /page/400002873   (662 words)

  
 Ernie Banks | BaseballLibrary.com   (Site not responding. Last check: 2007-10-18)
Banks, more interested in softball than baseball, was a high school star in both football and basketball, and once ran a 52-second quarter mile.
Banks won the fielding title at his new position in 1969, and led NL first basemen in assists five times.
Banks, Billy Williams and Randy Hundley leave after Oliver's home run in the 6th makes it 14—0, and Don Young caps a 5-run 7th with a 3-run homer.
www.baseballlibrary.com /baseballlibrary/ballplayers/B/Banks_Ernie.stm   (3496 words)

  
 Canada business of insurance Information: Canadian banks well ahead in use of economic capital: Globally gaining ...
Canadian banks are well ahead and are actively employing economic capital as a business tool a new study by PricewaterhouseCoopers (PwC), in association with the Economist Intelligence Unit has found.
Banks are more active in disclosing economic capital than insurers or other financial services companies.
Around 70% of the world's top 50 banks disclose usage of economic capital to their shareholders via their annual report and 50% disclose economic capital results by business units both in their annual report and quarterly financial results (Economic Capital Disclosures at Top 50 World Banks, PricewaterhouseCoopers analysis 2005).
www.insurance-canada.ca /business/canada/PWC-Cdn-banks-512.php   (707 words)

  
 Banks
The banks' annual shareholders' meetings are starting to look more and more like NDP policy conventions, with shareholder activists--federal NDP leader Alexa McDonough among them--taking over the floor, yelling at board members through the microphones during Question Period and tabling proposals to cap CEO salaries.
Most bank branches, such as the CIBC at the corner of Sherbrooke and Aylmer, now post two sets of hours: the branch is open from 9 a.m.
Twisted as the banks' logic may be, it is second only to the logic of bank customers themselves: we give the banks our money, then we complain because they have our money.
www.montrealmirror.com /ARCHIVES/1998/021298/cover.html   (1356 words)

  
 Realty Times - Real Estate News and Advice
It used to be that a bank was a bank.
This means that banks or their real estate subsidiaries must be licensed as brokers in each state where they provide realty services, and that all individuals who perform regulated real estate activities within a bank must be properly licensed as well.
In this situation, it must be mandated that escrow accounts for banks and their real estate subsidiaries must be held by an unrelated third party for the protection of buyers.
realtytimes.com /rtcpages/20010124_banks2.htm   (1407 words)

  
 China Business Strategy: China's Big Four Banks Reduce Bad Loan Ratio
According to the government's China Banking Regulatory Commission, China's four largest banks cut their non-performing loan ratios by more than four percentage points to 22.19 percent in the first six months of the year ending in June.
China's big four banks are Industrial and Commercial Bank of China, Bank of China, China Construction Bank and Agricultural Bank of China.
Chinese banking regulators have given the banks a very aggressive deadline of 2005 to reduce their non-performing loan ratio to 15 percent.
www.china-ready.com /news/ChinasBigFourBanks080703.htm   (394 words)

  
 Canadian Banks & Insurance
The three biggest foreign bank subsidiaries, as of July 30, are: HSBC Bank Canada, with $53.1 billion in total assets; ING Bank of Canada, with $22.7 billion; and Citibank Canada, with $14.7 billion.
National Bank of Canada, by far the smallest of the so-called Big Six Canadian banks, is roughly twice as large as HSBC Bank Canada, the seventh-largest bank in Canada.
Schedule II banks have all the powers of a domestic bank but, as separate entities from their parents, they aren’t able to leverage fully the parent bank’s lower cost of capital.
financialsector.blogspot.com /2006/10/foreign-banks-in-canada.html   (1038 words)

  
 Australian Banks Make Good. (May 2000)   (Site not responding. Last check: 2007-10-18)
The National Australia Bank lifted its variable home loan rate by 0.25 percentage points to 7.80 per cent, effective from May 8, and St George Bank lifted its standard variable home loan rate from 7.55 to 7.8 per cent, effective yesterday.
The Reserve Bank said interest rate rises were officially on hold, provided there was no further slump in the dollar and the GST did not cause a wages blowout.
Westpac's result pipped ANZ Banking Group's $817 million profit announced on Monday which saw a 14 per cent increase on the six months to March 1999.
www.ourcivilisation.com /decline/jobs/banksrip.htm   (467 words)

  
 "Big Hole River, Montana - Great Rivers - Angler's OnLine"
To put the minimum flow figure in perspective, when the Big Hole was closed to fishing for a few months starting in August of 1994, the flow was measured at the Melrose gauge around 130 cfs.
Outfitters from all over the state guide the Big Hole during the salmonfly hatch, and, their presence, although legal, is quite the controversy among local guides.
Wildlife along the Big Hole is abundant, with large populations of deer, elk and antelope.
www.flyanglersonline.com /features/greatrivers/bighole   (2337 words)

  
 Banks Power – In Print: Hot Rod Diesel Power
Banks drove his Sidewinder Dakota pickup the entire length of the 2005 Power TourTM.Its Cummins diesel makes 700 hp and 1,300 lb-ft, and it holds the Bonneville World Record for a pickup with an average speed of 217.31 mph.
Gale Banks does a lot of talking, but he’s putting his money where his mouth is in a big way.
To prove the performance potential of an outside-the-box diesel engine, Banks is building a twin-turbo 650hp, 800-lb-ft Duramax, then dropping it in a tube-chassis pickup to run with factory C6 Corvettes in 3-and 25-hour endurance races.
www.bankspower.com /im_HotRod_Sept05.cfm   (1974 words)

  
 Canada's 'Big Six' banks and the National Bank. Who We Are and Our Suppliers; William J Rhind & Associates
Canada's 'Big Six' banks and the National Bank.
When choosing a bank, the safety of your deposits is the single most important need for your business.
Size: Big banks, as measured by assets and staff size, have always outlived small banks.
www.wjrhind.com /WhoWeAre-OurSuppliers.htm   (283 words)

  
 BBC News | BUSINESS | Big banks said to be linked with Enron
Lawyers on Monday are expected to seek an amendment to the massive suit to include the six banks and two law firms for providing financial services and advice that may have helped lead to Enron's collapse.
The investment banks expected to be named on Monday made loans and provided other financial services for Enron and were staunch backers of its stock when Enron's share price began to fail last summer.
The examiner will be held accountable to the bankruptcy court not to the creditors committee, made up of banks, law firms and others who had financial dealings with Enron.
news.bbc.co.uk /1/hi/business/1914045.stm   (639 words)

  
 Big banks expected to rack up big profits
Canada's big banks are poised to deliver a strong quarter of double-digit profit growth when they begin reporting their fourth-quarter results on Tuesday.
Royal Bank and National Bank report their Q4 financials on Thursday, while the rest of the big six banks release their financials next week.
Most banks pay out a third to half of their earnings as dividends to shareholders. At current prices, the banks' dividends now yield from 2.9 per cent to 3.5 per cent.
www.cbc.ca /money/story/2006/11/27/banks.html?ref=rss   (1188 words)

  
 IEC 719 Outline, Section B
The banking industry in Canada is more concentrated than in the U.S. with 5(6) major banks being responsible for a large majority of the financial transactions - whereas in the U.S. you also have some super large sized banks, but, also many small regional banks.
In Canada, all the major banks are right up in the top 10, top 15 in any given year over the past decade which causes some critics to say it is not right that these financial institutions should gouge our profits at a higher rate than their business clients.
It is hard to talk about banking services in North America in the year 2000, without mentioning the hype and enthusiasm that individual people have gained for taking control of their own investments and new found savings to be active in trading stocks.
www.witiger.com /ecommerce/outline719b.htm   (1840 words)

  
 All Together Now: Security - News by InformationWeek
This week, six big banks plus major auditors and service providers will present a common method for assessing service-provider security.
The effort is led by Bank of America, Bank of New York, Citigroup, JPMorgan Chase, U.S. Bancorp, and Wells Fargo.
Banks are cooperating because they know the alternative: fines, lawsuits, and a tarnished image that can't be fixed with clever commercials.
www.informationweek.com /showArticle.jhtml?articleID=179100440   (302 words)

  
 Dominion, NS News   (Site not responding. Last check: 2007-10-18)
Global banking chiefs hungry for growth and armed with cash to burn are set to make 2007 the international year of the bank merger.
Canadian banks have more to gain from becoming larger than their U.S. counterparts, says a report released by the Bank of Canada yesterday.
Analysts expect Canada's big six banks to show handsome earnings growth of around 10 percent for their fourth quarters, and forecast that four of the banks will bump up their dividends as the sector benefits...
www.topix.net /ca/dominion-ns   (827 words)

  
 JIBC
The list includes TD Bank (www.tdbank.ca) and other members of Canada's "Big Six" banks, trust companies, brokerages, mutual fund companies, insurance companies, and a host of other players.
Against the above criteria, the traditional players, especially Canada's Big Six banks, seem to be in a strong position to maximize returns to both customers and shareholders through the Web.
However, if the experience is anything like what happened when global competition transformed the auto industry, the customer will be the big winner and Canada's Big Six banks will continue to play a major role in addressing the needs of their customers in the new marketspace.
www.arraydev.com /commerce/JIBC/9605-13.htm   (1388 words)

  
 Canadian Banks
The "Big Five" Canadian banks are Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Bank of Montreal.
The big five Canadian banks and the Bank of Canada, are frequently called the "Big Six Banks" account for 90% of the assets of the Canadian banking business.
The "big five" Canadian Banks have significant presence outside of Canada most notably in United States, Latin America, the Caribbean region and Asia.
www.canadabanks.net   (148 words)

  
 Big Five Banks Of Canada   (Site not responding. Last check: 2007-10-18)
When the National Bank of Canada ($82B) is included in the list, these are referred to as the "Big Six".
When I started watching, I seem to recall that the Royal Bank was the 5th largest Bank in the world (by assets) and that other Canadian Banks that are members of the then 'big five' were also in the World's top ten.
Changes in the American Banking laws modified the the global rankings with the growth of the German and Japanese economies being a contributing factor.
c2.com /cgi/wiki?BigFiveBanksOfCanada   (298 words)

  
 PBS - THE WEST - The Battle of Little Bighorn
This day [day of attack] a Sioux man started to go to Red Cloud agency, but when he had gone a short distance from camp he saw a cloud of dust rising and turned back and said he thought a herd of buffalo was coming near the village.
The Sioux dressed in the soldiers' and white men's clothing fought the soldiers on the hill.
The banks of the Little Bighorn river were high, and the Sioux killed many of the soldiers while crossing.
www.pbs.org /weta/thewest/resources/archives/six/bighorn.htm   (1215 words)

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