GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Canadian banks now find themselves among North America's largest topping US banks

Azoy? · 03-17-2009, 01:41 PM

Just read a story that I thought might interest some people up in Canada and in the US.
Turns out that due to the collapse in the value of major us banks, Canadian banks now find themselves among North America's largest.
The Canadian banks have been helped by a national banking system that has remained profitable in the midst of calamity elsewhere, particularly in the U.S. Previously huge U.S. banks such as Bear Stearns and Lehman Brothers have gone belly-up. Merrill Lynch and Wachovia had no choice but to give in and be purchased.
"Canadian banks have remained profitable, outperforming their peers, because of tighter government restrictions on lending and capital requirements," it said.
If you like to read it, the link to the story on CTV web site is http://www.ctv.ca/servlet/ArticleNew...hub=TopStories

and on the CBC web site at http://www.cbc.ca/canada/toronto/sto...ada-banks.html
Who would ever think that the smaller Canadian banks will pass giants such as Citigroup and AIG in value ?
Crazy but these are the times.

03-17-2009, 01:41 PM
Azoy? Confirmed User Join Date: Aug 2005 Posts: 2,178	Canadian banks now find themselves among North America's largest topping US banks Just read a story that I thought might interest some people up in Canada and in the US. Turns out that due to the collapse in the value of major us banks, Canadian banks now find themselves among North America's largest. The Canadian banks have been helped by a national banking system that has remained profitable in the midst of calamity elsewhere, particularly in the U.S. Previously huge U.S. banks such as Bear Stearns and Lehman Brothers have gone belly-up. Merrill Lynch and Wachovia had no choice but to give in and be purchased. "Canadian banks have remained profitable, outperforming their peers, because of tighter government restrictions on lending and capital requirements," it said. If you like to read it, the link to the story on CTV web site is http://www.ctv.ca/servlet/ArticleNew...hub=TopStories and on the CBC web site at http://www.cbc.ca/canada/toronto/sto...ada-banks.html Who would ever think that the smaller Canadian banks will pass giants such as Citigroup and AIG in value ? Crazy but these are the times. __________________