fintech / news / / The Globe and Mail
Three of Canada’s banks capped a week of first-quarter earnings marked by a string of surging profits.
RBC is applying for banking licences to operate capital markets and wealth-management businesses in the Middle East.
KEY POINTS
- TD increased its planned workforce reduction from 2 per cent to 3 per cent as part of restructuring.
- CIBC's ROE reached 17.4 per cent this quarter, exceeding its previous 15 per cent target.
- All six of Canada's largest banks reported first-quarter profits surpassing analyst expectations.
- TD took a $200-million pretax restructuring charge related to anti-money-laundering remediation efforts this quarter.
COMPANIES
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