Banking – Advisor's Edge https://uat-phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Tue, 29 Nov 2022 16:46:06 +0000 en-CA hourly 1 https://wordpress.org/?v=6.1.1 https://uat-phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Banking – Advisor's Edge https://uat-phoenix.advisor.ca 32 32 Scotiabank reports $2.09B Q4 profit, down from $2.56B a year ago https://uat-phoenix.advisor.ca/news/industry-news/scotiabank-reports-2-09b-q4-profit-down-from-2-56b-a-year-ago/ Tue, 29 Nov 2022 16:46:06 +0000 https://www.advisor.ca/?p=217104 AUM, wealth management revenue dropped amid challenging market conditions

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Three ways open banking could impact wealth management https://uat-phoenix.advisor.ca/news/industry-news/three-ways-open-banking-could-impact-wealth-management/ Fri, 16 Sep 2022 13:29:27 +0000 https://www.advisor.ca/?p=213863 Open banking has the potential to automate onboarding, allow for fee comparison and improve risk assessments

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Feds soften banks’ recovery dividend in draft legislation https://uat-phoenix.advisor.ca/tax/tax-news/feds-soften-banks-recovery-dividend-in-draft-legislation/ Tue, 09 Aug 2022 18:27:23 +0000 https://www.advisor.ca/?p=212557 However, the bank and insurer surtax remains at 1.5% for profits over $100M

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Too early to impose capital charges on banks for climate risk https://uat-phoenix.advisor.ca/news/industry-news/too-early-to-impose-capital-charges-on-banks-for-climate-risk/ Tue, 21 Jun 2022 16:14:40 +0000 https://www.advisor.ca/?p=210949 Capital for climate risks needs to be global, finds C.D. Howe report

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GIC returns won’t cover inflation any time soon: HSBC https://uat-phoenix.advisor.ca/investments/market-insights/gic-returns-wont-cover-inflation-any-time-soon-hsbc/ Mon, 20 Jun 2022 13:00:46 +0000 https://www.advisor.ca/?p=210888 Active management continues to be important with high inflation and relatively low interest rates, HSBC executive suggests

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Banks’ wealth businesses to take a hit: Fitch https://uat-phoenix.advisor.ca/news/industry-news/banks-wealth-businesses-to-take-a-hit-fitch/ Mon, 13 Jun 2022 18:13:37 +0000 https://www.advisor.ca/?p=210535 Spike in market volatility likely to hurt fee revenues, investor confidence

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FCAC finds big banks make ‘inappropriate’ product recommendations https://uat-phoenix.advisor.ca/news/industry-news/the-masochism-of-canadian-banking-customers/ Thu, 26 May 2022 19:46:19 +0000 https://www.advisor.ca/?p=209851 Mystery shopping exercise finds consumers felt good despite banks’ poor sales practices

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Proposed class action over bank fee disclosure can proceed, Ontario court rules https://uat-phoenix.advisor.ca/news/industry-news/ontario-court-allows-proposed-class-action-over-bank-fee-disclosure-to-proceed/ Mon, 09 May 2022 21:05:00 +0000 https://www.advisor.ca/?p=209161 Plaintiff brought case on behalf of TD Bank clients who were charged multiple NSF fees in connection with a single transaction

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More traditional finance professionals shifting to crypto as sector grows up https://uat-phoenix.advisor.ca/news/industry-news/more-traditional-finance-professionals-shifting-to-crypto-as-sector-grows-up/ Wed, 04 May 2022 21:13:41 +0000 https://www.advisor.ca/?p=209020 High-profile hires have helped to erode some of the stigma around the space

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Executive moves this week https://uat-phoenix.advisor.ca/news/industry-news/executive-moves-this-week-8/ Fri, 22 Apr 2022 18:02:00 +0000 https://www.advisor.ca/?p=208466 Multiple firms made announcements, plus BMO's Auerbach released a long-awaited retirement note

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