Remember all that talk about how Canadian Banks were the envy of the world? Well it turns out to be maybe not so true, at least according to a ranking by The Banker magazine. No Canadian bank made it into the top 30 banks in the world in terms of capitol strength. Our friends at CIBC did however manage to make the list of banks with the worst losses, coming in at number 15.The bank posted losses of C$1.46-billion and C$1.1-billion in the first two quarters of 2008 alone as CIBC took the br...
aggregated: 31 weeks 5 days ago | 53 views
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