Ian Bickis, Canadian Press

Ian Bickis is a reporter with The Canadian Press, a national news agency headquartered in Toronto and founded in 1917.

Regulation

OSFI increases focus on money laundering

The intensity of money laundering risk is underappreciated, Routledge says

By Ian Bickis, Canadian Press |January 19, 2024

1 min read

Industry

TD expects $141M from Schwab holdings as U.S. banks report earnings

Adjusted net income estimated to drop 30% from previous year

By Ian Bickis, Canadian Press |January 18, 2024

1 min read

Industry

Bank CEOs expect further loan-loss provisions and pressure on lending in 2024

Markets may be overly optimistic that central banks will lower rates this year

By Ian Bickis, Canadian Press |January 9, 2024

1 min read

Regulation

Big banks’ ‘sustainable finance’ label misleading, investor group alleges

Banks not backing up their claims with data, says securities complaint filed with OSC and AMF

By Ian Bickis, Canadian Press |January 9, 2024

1 min read

Industry

Banking changes to look out for in 2024

Open banking, binding resolution for OBSI are among issues to watch

By Ian Bickis, Canadian Press |December 29, 2023

1 min read

Industry

TD’s racial equity audit a significant first step, but incomplete: shareholder

The B.C. union that requested the audit says it hopes to see further analysis

By Melissa Shin and Ian Bickis, Canadian Press |December 18, 2023

1 min read

Regulation

Companies face emissions reporting mandates even as Canada lags

Regulators around the world are forcing firms to disclose carbon emissions and other climate data

By Ian Bickis, Canadian Press |December 18, 2023

1 min read

Industry

Canada’s biggest banks come in at bottom of low carbon finance ranking

National Bank was a notable outlier

By Ian Bickis, Canadian Press |December 14, 2023

1 min read

Industry

Scotiabank could exit some foreign markets

CEO Scott Thomson said bank will direct about 90% of incremental capital to North American markets

By Ian Bickis, Canadian Press |December 13, 2023

1 min read

Industry

Laurentian Bank says profit fell in Q4

Bank cuts 2% of staff, will conduct second strategic review

By Ian Bickis, Canadian Press |December 7, 2023

1 min read

Regulation

FINTRAC levies $1.3-million penalty against CIBC

The fine is the second announced this week, after RBC was also penalized

By Ian Bickis, Canadian Press |December 7, 2023

1 min read

Industry

Banks focus on staff cuts, provisions for bad loans in Q4

The two dominant themes emerge ahead of an uncertain 2024

By Ian Bickis, Canadian Press |December 1, 2023

1 min read

Industry

BMO sees higher cost savings ahead thanks to Bank of the West, cuts to real estate

The bank expects synergies of US$800 million — up 20% from a previous estimate

By Ian Bickis, Canadian Press and Staff |December 1, 2023

1 min read

Industry

Banks report higher provisions for bad loans, focus on expenses as economy slows

CIBC, RBC, Scotiabank and TD have all cut staff this year

By Ian Bickis, Canadian Press |November 30, 2023

1 min read

Industry

Royal Bank chief executive McKay defends HSBC deal as bank reports profits up

Deal is good for Canada, CEO says

By Ian Bickis, Canadian Press and Staff |November 30, 2023

1 min read

Industry

TD Bank cuts jobs as quarterly results reflect gloomy economic picture

Some cuts have already been made, while remainder will happen next year

By Ian Bickis, Canadian Press and Staff |November 30, 2023

1 min read

Industry

Scotiabank profits weighed down by bad loan provisions, layoff charges

Employee numbers were down about 1,500 from the previous quarter, about halfway to the bank's 3% reduction target

By Ian Bickis, Canadian Press |November 28, 2023

1 min read

Industry

Banks set to report earnings strained by economic slowdown

Banks are slowing the pace of new lending and setting aside more money for bad loans

By Ian Bickis, Canadian Press |November 27, 2023

1 min read

Industry

Frustrated fintech leaders call for progress on open banking

Improving competition in Canada's concentrated banking sector is one of the aims

By Ian Bickis, Canadian Press and Staff |November 16, 2023

1 min read

Industry

Sun Life increasing focus on partnerships as part of expansion efforts

In Canada, wealth and asset management saw a 14% increase in profitability from a year earlier

By Ian Bickis, Canadian Press and Staff |November 14, 2023

1 min read

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