Open this photo in gallery: Scotiabank is planning to deploy 90 per cent of its capital – up from 70 per cent in 2023 – to its key businesses in Canada, the U.S. and Mexico over the next few years.Fred Lum/the Globe and Mail Bank of Nova Scotia BNS-T has tapped a senior executive at
The US Federal Reserve has removed reputational risk from its examination programs in supervising US banks. Following the elimination of the factor, the US Fed has joined the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to ease requirements for banks to dabble in cryptocurrency offerings. Federal Reserve
This article was written by Follow I’m Jason Ditz and I have 20 years of experience in foreign policy research. My work has appeared in Forbes, Toronto Star, Minneapolis Star-Tribune, Providence Journal, Washington Times and the Detroit Free Press, as well as American Conservative Magazine and the Quincy Institute for Responsible Statecraft. I have been
Mortgage modifications surged in the first quarter at the nation’s largest banks, reversing a yearlong decline, while foreclosure activity also saw a marked uptick, according to a new government report. The data suggests rising financial stress is hitting certain borrower segments, even as conditions for the mortgage market overall appear relatively strong, based on numbers
Alfred Kahn is the founder and CEO at OvationCXM, a customer experience management company. getty One in 4 companies abandon bank onboarding before using the product they signed up for, according to our February 2025 research report titled “The Business Banking Customer Experience Report.” We asked 834 businesses about the most frustrating parts of onboarding,
Access Holdings PLC has been ranked the Tier 1 bank with the best asset quality in Nigeria, having posted the lowest Non-Performing Loan Ratio (NPLR) at 2.76 per cent, according to Proshare’s 2025 Tier 1 Banking Report released recently. This marks a significant achievement for Access Holdings, reinforcing its leadership in credit discipline, risk management,
[BANGKOK] Thailand is shaking up its sleepy banking sector. The Thai Finance Ministry’s decision to grant virtual bank licences to three consortiums on Jun 19 is set to inject fresh competition to Thailand’s staid financial sector – but for these newcomers, turning a profit may prove elusive. Five consortiums threw their hats into the ring
Chairman and Chief Executive Li Yu’s eventual retirement might mean the biggest change for Preferred Bank’s governance in years. Yu, now 84, founded the independent mid-cap institution in 1991 and took it public in 2005. After leading downtown-based Preferred Bank through crises such as the Great Recession and the Covid-19 pandemic, Yu remains the final
A HUGE banking giant is about to cut opening hours in half at 36 branches within days. Santander is set to change the opening hours of dozens of its branches from June 30. This move comes as part of a broader restructuring, which also includes the closure of 95 branches and the conversion of 18
In 2000, before smartphones and mobile apps became ubiquitous, Axos Bank launched with a bold vision: to be the first bank that existed entirely online. Twenty-five years later, that vision has not only been realized – it’s been refined, scaled and expanded to serve individuals, businesses, and advisors nationwide. As Axos celebrates its 25th anniversary,