Christine Dobby

Canada’s largest banks all are poised to pay their employees more in variable compensation for 2024, with stock-market favorites Royal Bank of Canada, Canadian Imperial Bank of Commerce and National Bank of Canada increasing bonus pay the most.

Also: It’s bonus season

The US Department of Justice has arrested and charged another former Toronto-Dominion Bank employee with conspiracy to launder money, the latest in a string of charges tied to the lender’s massive compliance failures at its American retail business.

(Bloomberg) -- The U.S. Department of Justice has arrested and charged another former Toronto-Dominion Bank employee with conspiracy to launder money, the latest in a string of charges tied to the lender's massive compliance failures at its American retail business.

Also: Relative to this currency, the loonie looks… good?

After years of lagging returns and more recent concerns over US office loans, Canadian Imperial Bank of Commerce has turned a corner with investors. Chief Executive Officer Victor Dodig says he won’t put that at risk with acquisitions that reduce shareholder value.

Victor Dodig says boosting return on equity is bank's focus CIBC shares have bounced back after years of underperformance

Canada’s financial regulator left capital requirements unchanged for the country’s largest banks, signaling regulators believe systemic risks to bank balance sheets remain under control.

The story behind 12 hours of turmoil in Canada’s capital

National Bank of Canada received the final government approval needed to proceed with its acquisition of Canadian Western Bank.