Canadian Banker articles from May 1997

Canadian Banker archives from May 1997

On competition and flexibility. (banking industry)(Editorial)
May 1, 1997... Why are so many Canadians convinced that the banks don't really compete with each other? Instead, they suspect, the banks are engaged in some sort of networking scheme that enables them to make large profits without having to worry about the...

Banks agree on methods to improve access for low-income Canadians.
May 1, 1997... Revised bank policies that will provide low-income individuals with better access to basic banking services have been announced by the Canadian Bankers Association. The changes are the result of consultations between the banking industry and...

Canada's new virtual bank sees real business. (Citizens Bank of Canada)
May 1, 1997... By launching nationwide operations of its wholly-owned subsidiary Citizens Bank of Canada earlier this year, parent Vancouver City Savings Credit Union has accomplished something it has wanted to do for years: wriggle free of the growth...

Getting ready for the new millenium. (official Canadian countdown to the 21st century)
May 1, 1997... With the year 2000 less than 1,000 days away, ceremonies launching the official Canadian countdown to the third millennium were held at Toronto City Hall in April. Plans call for a year-long event stretching from New Year's Eve 1999 to the...

Building a brokerage. (TD Evergreen pres. and chief operating officer Jeff Carney)
May 1, 1997... He was the firm's first employee less than four years ago. Now 550 people report to him. To Jeff Carney, TD Evergreen is almost like his baby, an entity he has nurtured since its birth almost four years ago. TD Evergreen is Toronto Dominion...

Flex appeal. (flexible work arrangements)
May 1, 1997... Flexible work arrangements are increasingly popular with bank employees as management recognizes the need for people to balance their work with the rest of their lives. This turns out to be good for business too. Glen Macleod of Bank of...

Are the banks competitive? (Canadian banking industry)
May 1, 1997... Bankers insist they're engaged in an intense fight for market share - even survival - but many outsiders see banking as a comfortable old boys' club far removed from the harsh realities of competition. Who's right? In his university days, John...

Fraud busters. (bank security experts)
May 1, 1997... Credit-card crime cost Canada's banks over $80 million last year alone. Foiling the fraudsters is an ongoing battle of wits for the banks' security experts, working together through the CBA. 'I still get upset when I'm really beaten badly,"...

Banks without borders. (easing of constraints on the Canadian banking industry)
May 1, 1997... In Canada and around the world, constraints on financial-services providers are being rapidly eroded, says the president of the CBA. What happens next will be vitally important to bank customers as well as banks themselves. There are several...

The battle of Britain's insurance market.
May 1, 1997... Banks have shaken up the tradition-bound U.K. insurance industry in recent years, mainly by using innovative telephone sales techniques. And the Winner is... the consumer. When Mike Bryan arrives at work at his branch of Britain's Midland...

Price pressures. (Canadian economy)
May 1, 1997... Canada's recent excellent performance in controlling inflation masks many different price trends in the various sectors of the economy. The largest is the decline in prices for machinery and equipment since 1986. Technological improvements have...