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Founded as the Union Bank of Lower Canada, the name changed to the Union Bank of Canada in 1886. [168] Merged into the Royal Bank of Canada. [169] Union Bank of Halifax: 1856 1910 Merged into the Royal Bank of Canada. [170] Union Bank of Montreal 1830s 1840s Founded as the Union Bank, the name changed to the Union Bank of Montreal about 1841 ...
When both the Newfoundland Commercial Bank and Union Bank of Newfoundland collapsed on December 10, 1894, the Merchants Bank expanded to Newfoundland on January 31, 1895. [14] The Merchants' Bank of Halifax constructed its first building of its own in 1879 at the corner of Hollis and George. It was designed by Thomas Reed Jackson.
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 2020 ...
Access merged with Winnipeg's Crosstown Civic Credit Union in 2021. [10] Access Credit Union also operates a wholly owned subsidiary in Credential Financial Strategies and is part owner in an insurance subsidiary. On January 27, 2022, the members of Access Credit Union, Noventis Credit Union and Sunova Credit Union voted to merge.
On June 20, 2019, Desjardins Group reported a data breach involving personal data of 4.3 million individual users and 173,000 businesses, more than 40% of Quebec-based credit union's clients and members. The security breach, detected in December 2018, was not linked to a direct cyberattack, but the result of a disgruntled corporate employee.
Multinational banking, financial services and insurance carrier in Toronto. Manulife is the largest insurance concern in Canada. 307 Royal Bank of Canada: $45,981 85,301 Multinational financial services firm based in Toronto [9] and the largest bank in Canada. Subsidiaries include City National Bank and RBC Bank: 308 Alimentation Couche-Tard ...