[T.O.Fanatic]

I would think that since Canada has been praised as having the most stable finincial system in the world, Toronto's star will rise even further. This recession is painful and an awful time for many families, but 3 years from now, when this is all over, Toronto could actually be one of the better cities in the world to invest and bank in.

 

[lordmandeep]

The main banks are letting go off some people but from what I heard they are not in a situation where they will lay off thousands of workers.

 

[highlife]

Some more fun facts about our banking industry

http://www.ft.com/cms/s/0/ea450788-1573-11de-b9a9-0000779fd2ac.html?nclick_check=1

For 2009, RBC and TD make it into the top 20. All five major Canadian chartered banks currently rank among the top 50 in the world; all five are listed in North America's top 12 and two Canadian banks -- Toronto-Dominion Bank and Royal Bank of Canada -- are among the seven major global financial institutions that currently enjoy a coveted triple-A credit rating from Moody's.
Toronto is global HQ to 4/5 of these banks.

I guess out of the 5, CIBC probably took the biggest hit with their aggressive expansion into investment banking, which now has been reduced significantly. The final blow was the official removal of CIBC World Markets branding to CIBC Wholesale...


The decade for global banks

By Steven Bernard, Jeremy Lemer, Helen Warrell, Cleve Jones, Peter Thal Larsen and Simon Briscoe
Financial Times


Published: March 22 2009 18:11

Global banking is in turmoil. The worst financial crisis since the second world war has not only forced governments across the western world to step in and rescue giant institutions. Amid the turmoil, there has also been a dramatic shift in banking’s centre of gravity.

A decade ago, a list of the world’s largest financial institutions was dominated by banks from the US and UK. Today, just a handful of the top 20 have their headquarters in the US, still the world’s largest economy. HSBC, at heart an emerging markets bank, is Britain’s sole representative.

Use this graphic to examine the trends. Move the slider to see how the ranking of the top twenty financial institutions, according to market capitalisation, has changed over the last 10 years. Click on a bank to trace its particular experience. Hover over it for more information.


Notes and sources: Ranking data – FT Global 500, Thomson Datastream; Date of foundation - company’s own date where available or the date at which the name or largely similar name was first used; Employees - from company or Thomson Reuters; Share price change – 52 weeks to March 17/18, Thomson Reuters; Bailout - Bloomberg; Lloyds bailout includes $6.7bn for LLoyds TSB and $16.1bn for HBOS; Top three merger and acquisitions data – Dealogic; * indicates bought as part of a group

 

[Automation Gallery]

Toronto as a Global City: Scorecard on Prosperity

On April 7, the Toronto Board of Trade released Toronto as a Global City: Scorecard on Prosperity, a landmark report that measures—for the first time—the performance of the Toronto region against 20 other great global cities. This breakthrough study measures Toronto and its urban counterparts worldwide on 25 different economic and labour attractiveness indicators. It also includes the first-ever analysis of the city of Toronto’s performance relative to surrounding municipalities.

http://www.bot.com/AM/Template.cfm?Section=Scorecard&Template=/CM/ContentDisplay.cfm&ContentID=2441