Politics govern bank merger prospects

Article Abstract:

The Canadian Parliament is expected to pass legislation this summer which will reform the financial services sector and contain a new merger review process. Public opinion is seen to be against bank mergers with many people thinking that banks are already too big and powerful.

Commercial Banking, Statistical Data Included, Commercial banks, Canada. Parliament

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National Bank would consider merger: 'I'm not closing the door,' chief says

Article Abstract:

Real Raymond, Chief Executive Officer of the National Bank of Canada, is considering uniting with other sector if the federal government allows integration in the financial services sector. This revised merger review report with guidelines is to be published by June 2004 and will accept proposal for merging after September 2005.

Strategy & planning, Planning, Company business planning, National Bank of Canada

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Goodale, opposition brokering bank merger rules

Article Abstract:

Ralph Goodale, Canada's finance minister, is likely to announce the merger regulations for banking industry. Goodale is seeking opposition's opinions on the proposed guidelines.

Legal issues & crime, Government expenditures, Government regulation, Executive changes & profiles, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Legal/Government Regulation, Banking Regulation, Bank Services Regulation, Interpretation and construction, Officials and employees, Economic policy, Political aspects, Banking law, Canada. Finance Canada, Goodale, Ralph E.

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