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Encyclopedia > Big Five banks

In Canada, the term Big Five Banks is frequently used to refer to the five biggest banks that dominate the banking industry in Canada: Royal Bank of Canada, CIBC, Toronto-Dominion Bank, Bank of Montreal and Bank of Nova Scotia.

As of 2004, these banks, together with the National Bank of Canada are the only six banks listed on Schedule I as the chartered national banks. Sometimes these six banks are referred to as Big Six banks.

  Results from FactBites:
Big Five banks - Wikipedia, the free encyclopedia (374 words)
The Big Five banks, listed in order of market capitalization (largest to smallest) with their current corporate brand names, are:
The Big Six chartered banks participate in the Large Value Transfer System (LVTS) together with 8 other banks (including the Bank of Canada).
In 1998, the Bank of Montreal proposed a merger with Royal Bank around the same time that CIBC proposed a merger with the Toronto-Dominion Bank.
  More results at FactBites »



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