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The Bank of Nova Scotia (French: Banque de Nouvelle-Écosse), operating as Scotiabank (French: Banque Scotia), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario.
Tangerine Bank (operating as Tangerine) is a Canadian direct bank that is a subsidiary of Scotiabank. It offers no-fee chequing and savings accounts , Guaranteed Investment Certificates (GICs), mortgages and mutual funds (through a subsidiary).
Big Five is the name colloquially given to the five largest banks that dominate the banking industry of Canada: Bank of Montreal (BMO), Scotiabank, Canadian Imperial Bank of Commerce (CIBC), Royal Bank of Canada (RBC), and Toronto-Dominion Bank (TD).
The main Montreal branch of the Bank of Montreal, Canada's oldest bank. This is a list of banks in Canada, including chartered banks, credit unions, trusts, and other financial services companies that offer banking services and may be popularly referred to as "banks".
Forbes maintains a list of top ten largest banks in the world, ranked by their market capitalization. The list was updated on May 2, 2024. Many of the largest banks in the world are part of larger bank holding companies.
Main article: Early Canadian banking system. View of a Scotiabank facade in Amherst, Nova Scotia. This structure was erected in 1907. Banking in Canada began to migrate in earnest from colonial overseas banking operations to a local banking system with the founding of the Bank of Montreal in 1817. [6]
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