Wealthsimple chief executive officer Michael Katchen says Canada’s banking industry has fallen behind its global peers at a critical time for the country. My latest for @theglobeandmail.com: www.theglobeandmail.com/business/art...

SCOOP: RBC is telling its employees to return to offices 4 days a week. The move follows more aggressive changes from U.S. banks. Earlier this year, JPMorganChase told staff to work from the office 5 days a week. My latest for @theglobeandmail.com: www.theglobeandmail.com/business/art...

BMO and National Bank reported earnings that topped expectations even as the lenders set aside more money for loans that could default as risks mount over tariff tensions. Latest for The Globe and Mail:

TD's new CEO Raymond Chun faces a mountainous task. He must turn around the bank after the most significant crisis in its history. The money-laundering fracas means TD’s growth is stunted in the US, regulators are watching its every move, and the executive team was overhauled. @theglobeandmail.com:

SCOOP from @stefaniemarotta.bsky.social and I: Financial crimes expert Stuart Davis departs TD after 10 months www.theglobeandmail.com/business/art...

with @stefaniemarotta.bsky.social : www.theglobeandmail.com/business/art...

Supporting @stefaniemarotta.bsky.social : www.theglobeandmail.com/business/art...

#SCOOP: Trudeau told an economic summit that he believes Trump is sincere in his desire to annex Canada, revealing how the U.S. President in their most recent conversation suggested the Prime Minister familiarize himself with a 1908 treaty that set the boundaries between the two countries.

I spoke with CIBC CEO Victor Dodig about Canada's response to Trump's tariff threats. He said that Ottawa should appoint a border czar and offer financial support for businesses caught in the crosshairs of a trade war. Read the interview @theglobeandmail.com: www.theglobeandmail.com/business/art...

#BREAKING: TD CEO Bharat Masrani is leaving his role sooner than expected. The bank announced that Mr. Masrani, board chair Alan MacGibbon and five board directors are stepping down as the bank remediates its anti-money laundering failures. My latest for the @theglobeandmail.com:

Wall Street’s biggest banks are backing Donald Trump’s agenda to loosen regulatory requirements that lenders believe are barriers, positioning the U.S. arms of Canadian lenders for a boon even as potential tariffs loom. #RBC #TD #BMO

RBC and AI startup Cohere are building a generative AI platform for financial services, a step that the country’s largest lender says is the first for a Canadian bank. I spoke with RBC Borealis' chief science officer about the bank's plan to create its own genAI platform. @theglobeandmail.com:

The CEOs of RBC and BMO signalled that they no longer believe the Net-Zero Banking Alliance is the most effective tool to encourage climate change efforts at major financial institutions. My latest for @theglobeandmail.com:

A lot happened at RBC's bank CEO conference. The leaders of the country's biggest banks warned of turmoil in the Canadian federal government, the threat of tariffs from the US, looming mortgage wars, and rising AML scrutiny. Folks, it's only January 7th! Buckle up! Latest for @theglobeandmail.com: