By Staff The Canadian Press Posted December 20, 2024 6:17 pm Updated December 20, 2024 6:22 pm 1 min read Descrease article font size Increase article font size National Bank of Canada’s $5-billion takeover of Canadian Western Bank has cleared its final regulatory hurdle. The Montreal-based National Bank said Friday the federal finance minister has…
It’s not easy going up against Canada’s banking oligopoly, but some are trying. Challengers like EQ Bank and Wealthsimple are rolling out new and cheaper offerings, growing their base and gaining brand recognition. But experts say that rather than creating a disruptive threat to the big banks, mid-sized players are more likely to be bought up by…
Descrease article font size Increase article font size Scotiabank has bought a minority stake in U.S. regional lender KeyCorp in an all-stock deal worth US$2.8 billion on Monday, as the Canadian bank pursues growth outside its saturated home market. Canadian lenders have been looking for growth opportunities in the U.S. as expansion slows in the…
