Canadian Western Bank (CWB.TO)
TORONTO, June 1 Canadian Western Bank said on Thursday it was experiencing higher-than normal demand for mortgages as a result of challenges faced by its largest competitor, Home Capital Group.
TORONTO, June 1 Canadian Western Bank on Thursday reported second-quarter earnings which were ahead of market expectations and up 44 percent on the previous year, during which it had been impacted by the weak oil price.
* Q2 earnings per share view C$0.57 -- Thomson Reuters I/B/E/S
HONG KONG (Reuters Breakingviews) - GIC has admitted defeat on its investment in UBS. The Singapore state’s money manager is taking a loss by selling a chunk of shares in the Swiss bank that it helped rescue nearly a decade ago. It’s not the only sovereign investor that was seduced by Western bank stocks during the financial crisis. A bounce in global financial stocks could tempt others, such as peer Temasek, to sift the wheat from the chaff.