Tuesday’s headlines: Canadian banks thrive while other financial centers struggle

eFC logo

While London and New York suffer from financial sector pink slips, Canada’ s eight biggest banks added 8,512 full-time employees in the second quarter – up 2.5 percent and making that country’s banking sector the most stable in the world, according to Bloomberg, which quotes one consultant: “They’ve been very disciplined from a cost standpoint, so if they’re hiring, obviously they have some confidence in their business.

Many of these new positions were acquired in the more than 100 acquisitions made by Canada’s biggest lenders since the wake of the financial crisis.

More good news ahead: Bank of Nova Scotia plans to add another 1,100 jobs as part of the takeover of ING’s Canadian unit and Canadian Imperial Bank of Commerce plans to hire as it opens 140 branches this weekend.

Other news:

Goldman’s average comp is expected to fall by $100,000 by the end of 2013. Fortune
Deutsche will delay bonuses for top managers.  DealBook
Barclay’s to shrink its controversial tax unit. Financial Times
Lazard bought Australian advisory O'Sullivan Partners. Reuters
BlackRock gears up for a fee war. Investment News
Occupy protesters in Hong Kong were forcibly removed.  NY Times
JPMorgan, BofA and other banks will let customers swap lower-rated securities that don’t meet standards in return for a loan of Treasuries. Business Week
BofA shakes up its research department. Bloomberg
Japanese financial services minister Tadahiro Matsushita who oversaw an insider trading crackdown was found dead of apparent suicide. Bloomberg

Popular job sectors

Loading...

Search jobs

Search articles

Close
Loading...
Loading...