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Manulife Bank of Canada (operating as Manulife Bank; French: Banque Manuvie du Canada) is a wholly-owned subsidiary of Manulife. As a direct bank , it offers high-interest chequing & savings accounts, credit cards, lines of credit and mortgages, including Manulife One.
Manulife at one point serviced over 26 million customers worldwide. [6] Manulife is the largest insurance company in Canada and the 28th largest fund manager in the world based on worldwide institutional assets under management (AUM). [7] Manulife Bank of Canada is a wholly-owned subsidiary of Manulife.
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Historically, trusts were one of the four main financial institutions in Canada, along with banks, insurance companies, and investment brokerages. [1] The country's first trust company was the Toronto General Trusts Corporation , which received its charter in 1872. [ 2 ]
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On September 29, 2003, Manulife Financial of Canada announced its intent to acquire John Hancock for $10.4 billion. The merged entity would be led by D'Alessandro, but he would step down in June 2004. The sale also included a Canadian subsidiary of John Hancock, Maritime Life; it was integrated into Manulife's Canadian operations. [6] [7] [8]
The following is a list of the world's largest publicly traded financial services companies, ordered by annual sales for the latest Fiscal Year that ended March 31, 2018 or prior (all public companies with sales of $20 billion or more are included, while privately held companies are not included).