Scotiabank’s Post

M&A season in the banking sector continues! This deal is probably the biggest acquisition since RBC acquired HSBC (Canada), and unless I've been living under a rock, it was significantly less telegraphed to the market. These two banks seem to be a natural pairing given the typical trade area that each primarily operates in. The combined company that results from this should be well positioned to mount an effective challenge to the Big 4 Schedule 1s (NB & CWB having a combined market cap equal to about 70% of the smallest, CIBC). Congratulations to National Bank of Canada and Canadian Western Bank both. National Bank's bid at an eye-watering 110% premium is a strong message to any rival suitors that could be waiting in the wings, they want this deal, and they're willing to spend to make it happen. #lending #canada #finance #realestate #cre

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𝗛𝗦𝗕𝗖 𝗦𝗲𝗮𝗹𝘀 $𝟵.𝟵𝟲 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗗𝗲𝗮𝗹, 𝗦𝗲𝗹𝗹𝗶𝗻𝗴 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗨𝗻𝗶𝘁 𝘁𝗼 𝗥𝗕𝗖 HSBC has finalized the sale of its Canadian division to Royal Bank of Canada for C$13.5 billion ($9.96 billion), marking a significant shift in Canada's banking landscape. This move, merging Canada's largest and seventh-largest banks, is projected to enhance RBC's domestic and global market standing, with HSBC expecting a $4.9 billion gain from the transaction. The acquisition has stirred debates over increased market concentration and potential consumer fee hikes, overcoming environmental, anti-monopoly, and conservative opposition. #finance #news #HSBC #RBC #BankingMerger Source: Reuters, https://lnkd.in/g79K3-wN

𝗚𝗹𝗼𝗯𝗮𝗹 𝗗𝗲𝗽𝗼𝘀𝗶𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝟯𝟬 𝗟𝗮𝗿𝗴𝗲𝘀𝘁 🍁 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗗𝗲𝗽𝗼𝘀𝗶𝘁-𝗧𝗮𝗸𝗶𝗻𝗴 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀: The Top 5 banks hold more deposits than all other deposit-taking institutions in Canada combined! 🏅 𝗧𝗼𝗽 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗲𝗿𝘀: 🔹 𝗕𝗮𝗻𝗸𝘀: RBC Royal Bank and TD Bank together have $2.8 trillion in global deposits. 🔹 𝗖𝗿𝗲𝗱𝗶𝘁 𝗨𝗻𝗶𝗼𝗻𝘀: Desjardins, with $290 billion in deposits, is the 7th largest deposit-taking institution in Canada. Desjardins alone holds more deposits than all other Canadian credit unions combined! 🔹 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗕𝗮𝗻𝗸: ATB Financial, with $42 billion, is the 8th largest deposit-taking institution and serves only one province—Alberta. 🔹 𝗧𝗿𝘂𝘀𝘁 𝗖𝗼𝗺𝗽𝗮𝗻𝘆: Home Trust is the largest independent trust company in Canada. 👑 𝗛𝗲𝗴𝗲𝗺𝗼𝗻𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗧𝗼𝗽 𝟱 𝗕𝗮𝗻𝗸𝘀: The combined deposits of the institutions ranked 6th to 30th among Canadian deposit-taking institutions total $958.7 billion, which is less than the deposits of TD, RBC, or BMO individually! ------------------------ Provided by WOWA.ca Simply Know Your Options🔍

Adding some research of my own. .. ... WoW at just 40Million Population Canadian banks are one of the wealthiest and most profitable banks in the World 🌍. RBC makes 2X (100% more) the Profit ($16 Billion) than SBI (India's largest bank) even though SBI makes about/just 30% more in revenue ($50.1 Billion USD). While TD makes CA $48.7 Billion in Revenue and CA $17.4 Billion in Profit vs HDFC (India's second largest bank makes $25 Billion in Revenue and $0.53 Billion In Profit) At 36 TIMES more population in India 1,440 Million humans. and Canada has over 17 Banks/Financial Institutions with 5-6 Big ones (RBC, TD, Scotia, BMO, CIBC, and National Bank) #MindBlown #OpenBanking

I’m grateful for always being proactive. With the recent news about Scotiabank Visa Debit cards losing functionality outside of Trinidad and Tobago starting December 1st, 2024, I’m not too upset since I’ve been expanding my banking options. Scotiabank became my main bank after I moved from Republic Bank in June 2023 due to the convenience of ATM deposits and their travel-friendly debit card. I’ve barely had to visit the branch over the past year. However, after December 1st, 2024, Scotiabank won’t serve the same purpose for me. Yesterday, I officially started a new banking relationship with CIBC FirstCaribbean International Bank, my sixth bank. I believe in diversifying my banking, never relying too heavily on a single institution. If one bank stops meeting my needs, I simply shift to another. While I don’t plan to close my Scotiabank account just yet, by the end of the year, I intend to make CIBC FirstCaribbean my primary bank, replacing Scotiabank. I also plan to review my accounts with RBC, First Citizens, JMMB, and Republic to see if they still align with my goals. Managing my finances is essential to me, and I’m committed to staying in control. Currently, my business banking relationship with Republic Bank remains excellent, so no changes are needed there. Here’s to a fresh start with CIBC FirstCaribbean International Bank! #newcustomer #bankingrelationships #financialgoals #trinidad #cibcfirstcaribbean #freshstart #transition #personalfinances #financialservices

📊 1 WEEK 1 DEAL - RBC ACQUIRES HSBC CANADA   The acquisition of HSBC Bank Canada by Royal Bank of Canada (RBC) was successfully completed on March 28, 2024.   RBC acquired 100% of the common shares of HSBC Canada for $10.2 billion in cash, along with other financial assets.   Below are my key takeaways!   #1Week1Deal #InvestmentBanking #OneWeekOneDeal #MergersAndAcquisitions

🚀 Understanding Canadian Banks 🚀 In Canada, banks are categorized into three main groups. Let’s break it down: 🏦 Schedule 1 Banks (Chartered Banks):  These banks generally receive money from people and various businesses in the form of deposits and lend money in the form of mortgages, loans, etc. They follow the Bank Act, which is set by Federal Legislation and revised every five years.  Among the 30+ banks in this category, the top six include: 1️⃣ BMO 2️⃣ CIBC 3️⃣ RBC 4️⃣ Scotia 5️⃣ TD Bank 6️⃣ National Bank of Canada 🌎 Schedule 2 Banks: Foreign-owned but operating under Canadian federal law, these banks provide similar services to Schedule 1 banks. 💼💰 Plus, deposits are CDIC (Canadian Deposit Insurance Corporation)-insured for added security. 🌐 Schedule 3 Banks: These are branches of international banks focusing on corporate finance and investment banking 🌍, such as Commercia and Barclays. They support Schedule 1 banks in global business activities. Stay tuned for more insights 📈 #FinancialLiteracy #BankingInCanada

This week, Canada’s Big Six banks released Q4 #earnings, showcasing their resilience and adaptability in a dynamic economic environment. The earnings reports revealed strong performance across key segments, particularly in commercial banking, personal banking, and wealth management. Notably, National Bank of Canada and RBC led the way with impressive results, reflecting the strength of their diversified, multi-line business models. The results indicate National Bank's disciplined focus on operational execution (i.e. cost control, risk management) and organic growth (i.e. non-M&A) - expanding existing business lines, attracting new customers, and enhancing products and services. RBC deployed an opposite strategy through the acquisition of HSBC, helping to bolster performance in all three key segments: personal banking, commercial banking & wealth management. The results underscore that there's no one-size-fits-all to navigating growth in an uncertain market. Two banks deployed very different strategies, both resulting in strong earnings. #Banking #Finance #Earnings #Growth #Canada ——————————————— I write content on marketing strategy for the financial services & fintech industries. Hit that +Follow button on my profile for advice, research, data & insights on how brands in these categories can grow.

➡️ At a time of economic, political and geopolitical uncertainties, Crédit Mutuel Alliance Fédérale achieved solid results in the first half of the year, with revenues reaching €8.3 billion (+3.4%) and net income of €2.032 billion (+3.5%). 📈 With an estimated CET1 of 18.5%, an average LCR of 178% in the first half of the year and prudent liquidity management, Crédit Mutuel Alliance Fédérale is one the most solid banks in the euro zone. ✨ As the first bank to adopt the status of ‘ Benefit Corporation’ , Crédit Mutuel Alliance Fédérale continues to put its performance at the service of its members, customers and society through the Social Dividend, by contributing 15% of its annual earnings.