Industry News

Laurentian Bank launches strategic review that could lead to sale Fallback Image Decorative pattern

Industry

Laurentian Bank launches strategic review that could lead to sale

The bank said it's committed to its 2023 strategy and fiscal priorities while the review takes place

By Staff |July 11, 2023

1 min read

OSFI proposes changes to capital requirements with eye on mortgage risks Fallback Image Decorative pattern

Industry

OSFI proposes changes to capital requirements with eye on mortgage risks

Regulator says proposals should encourage banks to reduce the number of mortgages that would go into negative amortization

By Mark Burgess |July 11, 2023

1 min read

BofA hit with $250 million in fines and customer refunds for “double-dipping” fees, fake accounts Fallback Image Decorative pattern

Industry

BofA hit with $250 million in fines and customer refunds for “double-dipping” fees, fake accounts

BofA has been cutting down on its reliance on overdraft fee revenue

By The Associated Press |July 11, 2023

3 min read

Ottawa extends consultation period for RBC–HSBC deal after technical difficulties Fallback Image Decorative pattern

Industry

Ottawa extends consultation period for RBC–HSBC deal after technical difficulties

Finance extended the consultation period by 15 days to July 21

By The Canadian Press |July 11, 2023

1 min read

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