CIBC Hikes Dividend After Q4 Earnings Beat
CIBC raises its quarterly dividend to $1.07 per share following a strong fourth quarter, with adjusted net income hitting $2.19 billion. Read the full analysis of the bank's performance.
Category : Search result: banking technology failure
EQB to buy PC Financial for about $800M
EQB Inc. has agreed to purchase the PC Financial business from Loblaw Companies Ltd. in a landmark transaction valued at approximately $800 million. The deal reshapes Canada's banking landscape.
Laurentian Bank sells $1.9B portfolio in strategic split
Laurentian Bank CEO Éric Provost details the strategic $1.9 billion asset sale to National Bank and Fairstone Bank, marking a significant shift for the Canadian financial institution. Learn the details and implications.
LandSpace Reusable Rocket Test Fails to Complete
Chinese private aerospace firm LandSpace did not complete a key test of its reusable rocket technology. The mission, aimed at advancing China's space ambitions, encountered issues during the December 3rd flight.
Massive Blackout Hits Western Cuba After Grid Failure
A significant power outage has plunged Cuba's western region into darkness following a transmission line failure. Get the latest details on the blackout and its impact.
National Bank Q4 profit rises on strong wealth management
National Bank of Canada reports increased fourth-quarter profit, driven by its wealth management division. Get the latest financial results and analysis.
RBC Q4 profit rises, dividend increased
Royal Bank of Canada announced higher fourth-quarter profits compared to last year and raised its dividend. Get the key financial details and market implications.
Laurentian Bank Sale: Customer Impact Explained
Laurentian Bank's sale to National Bank is finalized. Learn what this means for account holders, services, and the future of banking in Canada. Get the full details here.
Scotiabank Beats Q4 Estimates Despite Restructuring Charge
Scotiabank reported Q4 net income of $2.2B, beating analyst forecasts. Results were boosted by global banking, despite $373M in restructuring costs tied to workforce reductions.
Laurentian Bank announces sale to Fairstone, National Bank
Laurentian Bank of Canada has finalized its sale, with assets divided between Fairstone Bank and National Bank. Get the details on this significant shift in Canadian banking.
Bank of Montreal Closing Melville Branch in 2026
The Bank of Montreal will shutter its Melville, Saskatchewan branch in June 2026, following closures in Weyburn and Davidson. Learn what this means for local banking.
B.C. tribunal settles unusual credit dispute
A British Columbia tribunal has resolved a complex dispute involving an unusual credit arrangement. Learn how the case unfolded and what it means for financial agreements in Canada.
CME Futures Outage Halts Global Trading
A cooling system malfunction at a Chicago data centre caused a major CME futures outage, disrupting global equity, forex, and commodities trading for hours.
Canadian Banks Priced for Perfection in Q4 2025
As Canadian banks enter Q4 2025, they face immense market pressure. Explore the financial outlook and key challenges for Bay Street.
Why Penny Oleksiak received a two-year swim ban
Canadian swimming star Penny Oleksiak faces a two-year ban for a 'whereabouts failure.' Discover what this means for her career and the strict anti-doping rules athletes must follow.
Penny Oleksiak swimming ban for whereabouts failure
Canadian Olympic champion Penny Oleksiak faces swimming suspension due to whereabouts failure. Learn what this means for anti-doping rules and her career.
Morgan Stanley fined €101M in Dutch tax evasion case
Morgan Stanley pays €101 million fine for Cum-Cum dividend tax evasion in the Netherlands. Learn about this major European tax enforcement case.
Epstein Victims' Names Exposed in DOJ Document Release
Jeffrey Epstein survivors face widespread panic as the DOJ releases unredacted files, exposing their identities. Lawyers demand justice and privacy protection. Read the full report.
Biometric Fraud Drives New Bank Verification Models for 2026
A new Regula study reveals biometric verification is the most attacked point in digital ID processes, prompting a strategic shift towards orchestrated systems for Canadian financial institutions.
Ex-AIMCo CEO Evan Siddall joins BMO capital markets
Evan Siddall, ousted from AIMCo in 2024, has been appointed vice-chair of BMO's capital markets division following a reorganization. Learn about his Wall Street connections and career journey.
Novo Nordisk Alzheimer's Drug Trials Fail
Danish pharmaceutical giant Novo Nordisk faces major setback as Alzheimer's drug trials fail. Learn how this impacts the weight-loss leader's expansion plans.
Water main break affects Winnipeg's Seven Oaks Hospital
A significant water main break near Seven Oaks Hospital in Winnipeg has disrupted medical services. Patients report being transferred to other facilities during the emergency situation.
UK's 'Too Little, Too Late' COVID Response Cost Lives
A UK inquiry finds delayed pandemic measures led to thousands of preventable deaths. Read the damning report on the failed COVID-19 response.
OSFI changes capital rules to boost bank lending
Canada's banking regulator OSFI announces capital requirement changes to help banks increase lending to businesses and consumers. Learn how this affects the economy.
Banking regulator proposes easing lending rules for banks
Canada's banking regulator OSFI proposes easing capital rules to free up $1 trillion in lending capacity while maintaining financial stability. New measures target SMEs and real estate.
Intesa Sanpaolo CEO Named European Banker of the Year
Carlo Messina, CEO of Intesa Sanpaolo, has been honoured as European Banker of the Year 2024. Discover how his leadership combines profitability with social impact.
UgoWork on Deloitte's 2025 Technology Fast 500 List
Canadian energy firm UgoWork earns a spot on Deloitte's prestigious 2025 Technology Fast 500™ list, ranking 133rd overall and highlighting its major growth in sustainable energy solutions.
Brampton Widower Demands Hospital Reform at City Hall
A grieving widower's emotional breakdown at Brampton City Hall highlights urgent calls for hospital reform as Group A sepsis infections devastate families nationwide.
Alberta lab privatization costs taxpayers $109 million
Alberta's auditor general reveals failed lab testing privatization cost taxpayers $109 million. Get the full investigation details and financial impact analysis.
Scotiabank fined $34k for harassing debt calls
Scotiabank will pay nearly $34,000 after Consumer Protection B.C. found the bank harassed a client with over 100 collection calls. Learn your rights against debt collection harassment.
Page 2 of 4