Ottawa plans to give banks $100-million

Article Abstract:

The Canadian government is providing a $100 million bailout to some of the country's banks for defaulted student loans. The aid package, which follows the collapse of a government subsidy plan for professional hockey, will benefit Bank of Nova Scotia, Royal Bank of Canada and Canadian Imperial Bank of Commerce.

Government domestic functions, Receipt of funds, Royal Bank of Canada, RY

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CIBC, Scotiabank CEOs took home $6-million last year

Article Abstract:

Toronto, Ont.-based Scotiabank paid its chief executive officer, Peter Godsoe, a compensation package that totalled about $6 million in 1999. Canadian Imperial Bank of Commerce paid its chief executive officer, John Hunkin, a compensation package that totalled about $6 million in 1999.

Financial management

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