Laurentian Bank of Canada said Tuesday that it nabbed longtime Scotiabank executive Rania Llewellyn as its next president and chief executive officer, a move that will make her the first woman to lead a major Canadian bank.
Bank of Nova Scotia subsidiary Tangerine Bank said Monday that later this year, it will become the first fully digital bank in Canada to offer Visa Debit.
The president and CEO of Canada’s IGM Financial is stepping down for health reasons and will be replaced by a former Scotiabank executive, the wealth and asset management company said Monday.
The National Bank of Canada and seven other financial institutions have partnered with the Canadian government to provide CAD 221 million ($167.7 million) in funding and loans for Black entrepreneurs and business owners.
After agreeing to pay record fines to U.S. regulators over claims it manipulated futures contract prices for gold, silver and other precious metals, the Bank of Nova Scotia is now facing a new proposed class-action lawsuit brought by traders over the same alleged misconduct.
The Bank of Nova Scotia will pay $127.4 million to settle allegations that it rigged gold and silver futures prices and lied to investigators about it, handing U.S. authorities record-setting fines for market manipulation and making false statements.
Scotiabank will let the majority of employees in its Toronto headquarters work from home for the rest of the year, as Canada's most populous city moves into phase three of reopening at the end of July.
Canada’s largest banks are set to fund the country’s transition to a sustainable economy despite their heavy investment in the oil and gas industry, credit rating agency DBRS Morningstar said in commentary Tuesday.
Four of Canada’s six largest banks were among the more than 200 companies that signed a pledge committing to help end racism in their industries and to fill at least 3.5% of executive and board positions with Black individuals within five years.
Scotiabank’s Trinidad and Tobago business has dropped plans to sell its insurance wing to and enter a distribution agreement with Sagicor Financial Corporation, according to a statement disclosing the companies’ mutual decision on Thursday.
Scotiabank on Tuesday created a new finance group to help clients conduct business more sustainably and contribute to the bank’s own climate-related goals.
Canadian banks will be seeing a new wave of loan applications from businesses as the third wave of the Canada Emergency Business Account program begins and more types of businesses become eligible for the relief, the Canada Bankers Association said Friday.
Canada-headquartered Scotiabank is selling its Belize operations to Caribbean Investment Holdings for $30.5 million, the companies said Monday, as Scotiabank continues to narrow its focus across its international footprint.
Genworth MI Canada Inc, the country’s largest private mortgage insurance company, said Monday that it intends to hold steady on its requirements in a direct response to a government-backed competitor’s recent decision to toughen standards.