Tag Archives: Canadian banks
Canadian banks pass S&P stress tests
Canadian lenders have enough capital to withstand losses without needing to raise more cash, Standard & Poor’s said.
“Like all banks elsewhere in the world, Canadian financial institutions are likely to experience additional losses as the recession continues,” the New York-based rating company said Thursday in a statement. “On the positive side, stress tests reveal that [...]
‘Boring is cool’ for Canadian banks
In any other industry at any other time, trying to build an ad campaign around stability would send shudders through marketing mavens. But there has never been a better time to be a stodgy Canadian banker.
“I guess boring is cool and Canada is cool,” said Jim Little, chief brand officer with Royal Bank of Canada, [...]
Canada’s Banks are Finally Getting Some Respect.
Derided for years as meek and mild while banks around the world expanded wildly, suddenly the reputation of Canada’s big lenders as prudent and sometimes downright boring has become an asset instead of a liability.
U.S. President Barack Obama has heaped praise on the management of this country’s financial system. Ireland is considering overhauling its system [...]
Recent Comments