[Newsbot]

Title: Canadian Banks Overshadow U.S.
Category: Business
Posted By: BankGuru
Date: 2009-09-25 07:11:07
Canadian

[mikewood86]

Where's my precious PC Financial? No service charges!

Well I guess it falls under CIBC...

Does make you kinda proud that none of our banks went under and are recording a profit.

[leewgrant]

$1:

In North America we see four out of the big six among the top 10, with RBC fifth, TD eighth, Bank of Nova Scotia ninth and CIBC tenth.

TD Economics senior vice-president Don Drummond notes that this rise is mainly on how much other banks are falling, rather than serious growth of Canada’s banks.

In other words, we are not getting bigger, they are getting smaller.

[raydan]

I remember when I worked in banking a few years ago when the OFSI raised the "tier one capital ratio" to 7%.

The banks' big brass kicked, screamed but eventually complied (as if they had a choice).
This is one of the reasons our banking system is so strong.

[raydan]

leewgrant leewgrant:

$1:

In North America we see four out of the big six among the top 10, with RBC fifth, TD eighth, Bank of Nova Scotia ninth and CIBC tenth.

TD Economics senior vice-president Don Drummond notes that this rise is mainly on how much other banks are falling, rather than serious growth of Canada’s banks.

In other words, we are not getting bigger, they are getting smaller.

Don't put a negative spin on this.

We are not getting smaller, or at least not as much, which is a good thing in this context.