TD is Canada’s second largest bank by market capitalization and total assets. It enjoys a strong market position in most segments of the domestic retail banking sector, offering a full range of financial products and services to approximately 20.5 million customers worldwide (mainly Canada and US). The majority of TD’s business activity takes place in Canada, reporting 71% of gross loans compared to 27% of gross loans generated in the US. TD divides its operations into four distinct business segments: Canadian Personal and Commercial Banking, Wealth Management, Wholesales Banking and US Personal and Commercial Banking. The Canadian Personal and Commercial Banking arm includes TD Canada Trust, TD Commercial Banking, TD Insurance, MBNA and TD …show more content…
TD Insurance provides life, health, travel, home and auto insurance to more than 3 million customers through more than 1,000 TD Canada Trust branches, the Internet and telephone. Through MBNA, TD provides co-branded and affinity credit card programs in Canada. Through its Wealth Management segment (which includes TD Waterhouse Canada, TD Waterhouse UK, TD Wealth Management, TD Asset Management, TD Waterhouse Discount Brokerage, TD Waterhouse Private Client Services, TD Waterhouse Financial Planning, TD Asset Management and an investment in TD Ameritrade), TD provides brokerage, mutual fund, and other wealth management solutions to investors and financial advisors. TD’s Asset Management group is one of Canada’s largest asset managers, with C$ 46.7 billion in retail funds managed as at the end of 2008 (Toronto Dominion Bank, 2012). In the US, TD provides a full range of wealth management services to US individual investors through its investment in TD Ameritrade. The Wholesale Banking segment (which includes TD Securities) provides capital market products and services to corporations, governments and institutional investors in …show more content…
BNS provides financial products and services to individuals, small and large corporates as well as investment banking services to more than 18.6 million customers around the world. BNS’ business is divided into four business segments: Canadian Banking, International Banking, Scotia Capital and Global Wealth Management. The Canadian Banking arm provides a wide range of financial products and services such as mortgages, loans, credit cards, cash management and leasing to about 7.6 million customers (individuals, small to large businesses) through a national network of approximately 950 branches. BNS’ International Banking business line consists of its retail and commercial banking operations in over 45 countries other than Canada. This segment employs 48,000 people, which accounts for 63% of its total full time equivalent workforce. Scotia Capital is the group’s wholesale banking arm, which offers tailored financial products and services to corporate, government and institutional clients in many of the countries it has a physical presence. Some of the services offered by Scotia Capital globally are corporate lending, equity and debt underwriting, mergers & acquisitions advisory services, as well as capital markets products and services, such as fixed income; derivatives; prime brokerage;
Its trading volume increased to over 17.7 million contracts, up 21 per cent from the previous year. This significant growth is largely due to strong growth in interest-rate and index derivatives products, which increased 40 per cent and 15 per cent respectively. In addition, the underlying value of contracts traded averaged more than $30 billion (currency is of Canadian Dollars) on a daily basis, compared to $20 billion in 2002.Though the Montreal Exchange was doing fine on its own joining together with the Toronto Exchange has made the
After tracing the evolution of the provincial-local financial relationship in Canada it has become apparent that the trend, throughout history, has been towards greater Provincial control and in turn less fiscal autonomy for the municipality. There has been an increase (due to demand as well as downloading from the provinces) in the functions and responsibilities of the municipality, as well as the cost of these functions, and a decrease in fiscal resources and revenue sources.
Canada’s political and governmental systems, while much like our own here in the U.S., is rather different and, of course, has its own unique story and parties that clash for control during debates and elections. Much like our country, Canada’s two main political parties are the Liberals and Conservatives, but more have sprung up over the years, and the country has come up from a two party system to the multi party system it calls its own today.
Our history of 20th century of Canada on the treatment on immigrants was indeed bias and still occurs to some extent today. Numerous amounts of immigrants were into lose if not all, but very many of their belongings, valuables and family behindhand, to posses a Canadian citizenship. People travelled extensive distances to seek better lives; Canadians faced many with racism because of their differences, in fact it influenced ruined many lives. Immigrants in the past were shamefully discriminated against and exploited by the Canadian changing role of government, producing a dark side to Canada’s history. The three events that accurately validate that immigrants had tough lives were, “The Boat of People,” Chinese due to Chinese Exclusion Act, and the most improved, Merit Point System. These have effected Canada’s society significantly in a negative manner and have helped us learn, improve and equalize our society for everyone.
6th most valuable international banking brand. Core Business • Retail Banking • Corporate & Investment Banking • BNL Banca Commeriale • International Retail Services • Asset Management & Services • Other activities. Banca Nazionale del Lavoro BNL is the sixth Italian banking group and ranks amongst the top 60 European banks and the top 100 banks in the world in terms of total assets.
Comparing Canada and United States Banking System History of the use of currency The use of currency in Canada has evolved much over time, starting from the early 1600s to date. This is also the same period that America started using currencies. In the early 1600s, in Canada, beaver pelts were the universally accepted medium of exchange. In the mid-1600s, Wampum made from shell beads replaced the beaver pelts as the country’s currency.
Toronto-Dominion bank Introduction According to the Toronto-Dominion Bank (TD) corporate profile, The Toronto-Dominion bank was formed on February 1, 1995 through the amalgamation of The Bank of Toronto and The Dominion Bank. The Toronto-Dominion bank and its subsidiaries are collectively known as TD Bank Group that offers a full range of financial products and services through the Canadian retail, US retail and wholesale banking. Canadian retail includes TD Canada Trust, Business Banking, TD Auto Finance(Canada), TD Wealth(Canada), TD Direct Investing, TD Insurance. US retail includes TD bank, American’s most convenient bank, TD auto finance(US), TD health (US) and TD investment in TD Ameritrade.
Barclays’ Internal and External Customers Barclays offers a wide range of services to both internal and external customers. Internal customers are member of staff/colleagues that work in an organisation. Examples of internal customers in Barclays include: Small Business Managers, Customer Relations Team, telephone operators, Financial Planning Managers, Customer Service staff, Counter staff, Accountants, Consumer Relations Team, and Relationship Managers. External customers are the majority of individuals who lives in the local areas. Examples of external customers of Barclays include: disabled people, elderly, foreign people, parents, couples, widows, divorcees and students (from schools, colleges, and universities).
• W. S. Livingston: “Federalism is a function not of constitutions but of societies” o Political systems perceived as superstructures devoid of autonomy and lacking independent coercive and moulding power vis-a-vis their environment • Thesis: Canadian federalism is not a function of societies, but of constitutions, more specifically the governments that work the constitution • Establishment of the federal system in 1867 led to competitive political and bureaucratic elites at two separate levels of government, federal and provincial, who possess jurisdictional, financial, administrative, and political resources for their own interests • Preservation of jurisdictional competence and territorial integrity is necessary for the survival of
The federal government of Canada does play an important role in higher education policy, but it is a role that has evolved through the constant dancing of federal-provincial relations to the frequently discordant tune of Canada’s constitutional debate (Jones 2004). The Canadian federal system with responsibility for high education is like no other in the developed industrialised world. In effect the federal government is constitutionally deprived for social welfare, health and education. On the other hand it is the federal responsibility for concerns of national interest, equality of treatment and opportunity, economic development, and Indians and lands reserved for Indians. A very unique paradox which has led to several clashes between the feds and the provinces.
- The largest contributor to earnings is the Canadian Banking arm. 10 million clients (individuals and businesses) are provided with financial services which provides financial services through a large network of branches. (Royal Bank of Canada, 2012) - RBC International strategy is mainly focused on the US, providing financial products and services to customers, including brokerage services, insurance and investment banking services through a number of divisions. However, RBC has now shifted from focusing on international revenues to focusing on their domestic strategy (Claudio Egger). We can conclude that RBC is strong in leading the market position in Canada and has solid financial fundamentals.
As mentioned before, the bank has international markets and broad scope of products. In order to take only advantages from functional form (U-form) and multidivisional form (M-form), BOA has holding companies across North America and the global markets, and client-facing product divisions as well. In addition, one of noticeable things is about Merrill Lynch & Co., Inc. Bank of America simplifies structure by allowing Merrill Lynch to use their name and brand as the subsidiary even after merger.
Generally it is extremely difficult to access branches banking data. And thus, the institutional level will be reconsidered. Assessing the performance of Canadian banks is
Since federalism was introduced as an aspect of Canadian political identity, the country has undergone multiple changes as to how federalism works; in other words, over the decades the federal and provincial governments have not always acted in the same way as they do now. Canada, for example, once experienced quasi-federalism, where the provinces are made subordinate to Ottawa. Currently we are in an era of what has been coined “collaborative federalism”. Essentially, as the title would suggest, it implies that the federal and provincial levels of government work together more closely to enact and make policy changes. Unfortunately, this era of collaborative federalism may be ending sooner rather than later – in the past couple decades, the federal and provincial governments have been known to squabble over any and all policy changes in sectors such as health, the environment and fiscal issues. Generally, one would assume that in a regime employing collaborative federalism there would be a certain amount of collaboration. Lately, it seems as though the only time policy changes can take place the federal government is needed to work unilaterally. One area in which collaborative federalism has been nonexistent and unilateral federalism has prevailed and positively affected policy changes is in the Post-Secondary Education (PSE) sector.
A Report on NatWest Bank and an Analysis of the Banking Industry 1. Introduction This report focuses on NatWest and the industry in which it operates. The purpose of the report is to give a concise but accurate view of how NatWest operates as an organisation and the links between its environment, in this case the banking industry. Company History =