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The main Montreal branch of the Bank of Montreal, Canada's oldest bank. Toronto's financial district. This is a list of banks in Canada, including chartered banks, credit unions, trusts, and other financial services companies that offer banking services and may be popularly referred to as "banks".
The main federal statute for the incorporation and regulation of banks, or chartered banks, is the Bank Act (S.C. 1991, c.46), [20] where Schedules I, II and III of this Act list all banks permitted to operate in Canada under these three distinct categories: Schedule I: Banks allowed to accept deposits and which are not subsidiaries of a ...
This page was last edited on 18 January 2020, at 21:01 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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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[3] 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 ...
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