skip on 28 March 2009
relative to the american banks, canadian banks are heavily regulated.
This is the result:
"A new ranking by Bloomberg News puts four Canadian banks among North American's top 10 as measured by assets, with Royal Bank of Canada in seventh place." My bank went from 57th to the top ten over the course of the year.
"Canada’s six largest banks made money in the latest quarter while big U.S. banks such as Citigroup, Wells Fargo and Bank of America lost billions, Bloomberg said Tuesday in a report on its website. "Canadian banks have remained profitable, outperforming their peers, because of tighter government restrictions on lending and capital requirements," it said."
http://www.cbc.ca/money/story/2009/03/17/canada-banks.html?ref=rss
