More borrowers, fewer deadbeats are boosting the bottom line

Article Abstract:

Customers borrowing more with fewer defaults helped by a buoyant economy are expected to keep bank profits rising into the future. The Bank of Montreal in the third quarter results of 2004 experienced $110-million of unexpected earnings which included collecting $39-million on an outstanding debt from a food processor and $13-million from a utility.

Sales & consumption, Forecasts and trends, Market trend/market analysis, Default (Finance), Industry sales and revenue

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In Puerto Rico, slow and steady wins race

Article Abstract:

The plan of Scotiabank de Puerto Rico's chief executive officer Richard Waugh to improve its market presence using its international banking relations is discussed.

Foreign operations, Management dynamics, Management, Puerto Rico, Company business management, Waugh, Rick, Scotiabank de Puerto Rico

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Plastic powers CIBC comeback

Article Abstract:

The increase in the profits of the Canadian Imperial Bank of Commerce through credit cards is discussed.

All Other Plastics Product Manufacturing, Plastic Credit Cards, Usage, Credit cards, Industry forecasts

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