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The Toronto branch of the Bank of China (Canada). Schedule II banks are banks allowed to accept deposits and which are subsidiaries of a foreign bank. As of March 2024, there were 15 of these banks in Canada. [21]
Schedule II: Banks allowed to accept deposits and which are subsidiaries of a foreign bank. Examples include AMEX Bank of Canada, Bank of China (Canada), Citibank Canada, HSBC Bank Canada, ICICI Bank Canada and Walmart Canada Bank. Like the Schedule I banks, the Schedule II banks are incorporated under the Bank Act. [20]
Schedule II banks are subsidiaries of foreign banks that are allowed to accept deposits through branches in Canada. Schedule III banks are foreign banks with certain restrictions upon the banking business they can conduct in Canada. The Canadian banking industry includes 20 domestic banks, 24 foreign bank subsidiaries and 22 foreign bank ...
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Pages in category "Banks of Canada" ... Schedule II banks; Schedule III banks; Scotiabank; Simplii Financial; Société Générale (Canada) State Bank of India (Canada)
According to a ranking produced by Standard & Poor's, in 2017, the Big Five banks of Canada are among the world's 100 largest banks, with TD Bank, RBC, Scotiabank, BMO, and CIBC at 26th, 28th, 45th, 52nd, and 63rd place, respectively. [4] RBC and TD Bank are also on the Financial Stability Board's list of systemically important banks as of 2020 ...
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