Streetwise

Banks cut jobs, trim expenses as economic fears weigh on earnings

Former Scotiabank CEO Brian Porter named inaugural chair of the Ontario Infrastructure Bank

TD cutting jobs as profit down by 57%, missing forecasts amid rising expenses

RBC reports $4.1-billion fourth-quarter profit on surge in capital markets results, beats estimates

CIBC posts profit gain, hikes dividend as bad-loan reserves come in below analysts’ forecasts

Former Richardson Financial CEO joins rival wealth manager

Bank of Canada says potential digital dollar wouldn’t pay interest or require identification

Scotiabank fourth-quarter profit falls short as loan-loss reserves, expenses rise

Companies increasingly turn to private lenders for financing

Canada Infrastructure Bank unveils details for $1-billion Indigenous equity loan program

Canadian banks looking at weak profits as fiscal year wraps up

Trudeau government meanders on financial crime even as FinTRAC cracks the whip on businesses

Scotiabank’s Latin American markets poised for a revamp as it prepares to unveil new strategic plan

Canada’s open banking plan will rely on a new government-led body to monitor system

European Central Bank says property slump could last years in threat to lenders

Poor performance of pandemic IPOs is hurting other companies waiting to go public

Top five executives at Hammerhead Energy to get $70-million cash payday from Crescent Point takeover

Millennials whose parents owned a home twice as likely to be homeowners: Statistics Canada

Citigroup CEO announces management changes as part of sweeping reorganization

Brookfield on path to boost earnings with fast-growing insurance arm

From bad blood and public bashing to an $8.9-billion deal: How Teck made nice with Glencore

Farmers Edge in go-private talks for tiny fraction of IPO price

Ottawa sets out clear path for Glencore’s purchase of Teck’s coal mines

Laurentian Bank saw its bank account deposits leave at highest rate

Capital Markets Tribunal stays proceedings against cannabis executive over secrecy concerns

Small businesses find it increasingly hard to compete with Amazon, survey says

Private real estate investor Hazelview halts redemptions on $1.4-billion fund, pitting retail buyers against private equity backer

Report urges banking regulator to leave capital buffer unchanged for banks due to tough economic conditions

Betrayal, conspiracy and retribution: Inside the family feud at the heart of the fight for control of Aimia

At Emerge, fresh lawsuits are just the latest legal challenges for the company’s CEO

Ottawa will closely scrutinize Glencore’s proposed takeover of Teck’s coal business, Freeland says

Albertans should stick with Canada Pension Plan, says its CEO

U.S. judge orders investigation of phony Visa, Mastercard settlement website

Chinese lender ICBC paid ransom over hack that disrupted U.S. Treasury market, gang says

Law firm Bennett Jones announces new CEO and chair

Exposing the owners of shell companies is a start. But Canada must do more to fight financial crime