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Scotiabank reports record second quarter earnings of $1.1 billion Second quarter financial measures compared to the same period a year ago: - Earnings per share (diluted) of $1.02, compared to $0.81 - Net income of $1,097 million, versus $872 million - Return on equity of 19.9%,compared to 16.8% - Productivity [...]
Archive for the ‘Banks & Thrifts’ Category
BANK OF NOVA SCOTIA – Scotiabank reports record second quarter earnings
Posted by gary on June 1st, 2010
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HSBC Global Asset Management appoints new World Selection(TM) sub-advisor
Posted by gary on May 25th, 2010
HSBC Global Asset Management (Canada) Limited has added a new sub-advisor to the group of best-in-class investment managers for the World Selection(TM) Portfolios. Effective May 18, 2010, Picton Mahoney Asset Management was appointed sub-advisor to HSBC MultiAlpha Canadian Equity Pooled Fund, and will co-manage this Fund with Toronto-based Scheer Rowlett & Associates Investment Management Ltd. [...]
Pacific Western Discovers One Bank’s Failure Can Be Another’s Gain
Posted by gary on March 4th, 2010
Another California bank was seized by federal regulators Aug. 28, bringing the number of failures in the state to nine this year, including Temecula Valley Bank in July. The tally for the nation as of last month was 84. Pacific Western Bank, the second largest bank based locally, took most of the assets and deposits [...]
Bank Insurance Revenues Rose 7.2% In 2008
Posted by gary on February 3rd, 2010
Revenue Insurance companies total commercial bank operations (SPB), excluding MetLife, rose 7.2 percent last year from 10.15 billion dollars in 2007 to 10 $ 88 billion, according to a study. The report, which was published yesterday by Radnor, Pennsylvania-based Michael White Associates with the American Bankers headquartered in Washingtobn, noted that MetLife “does not engage [...]
Banks cheat PPI customers with 80% commission
Posted by gary on January 19th, 2010
The conflict Payment Protection Insurance (PPI) continues to discuss with the Competition Commission, which requires Banks and other financial institutions, subject to 80% of premiums collected. The Commission is considering the sale of PPI in a joint venture with the Office of Fair Trading and the financial Services Authority. In 2006, consumers paid 4.4 billion [...]
