Banking and Insurance

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Co-ops ranked among Canada’s top 50 ‘Corporate Citizens’

Co-operators, Desjardins and Vancity were the highest ranking businesses from the banking and insurance sectors

Plans for Ugandan National Cooperative Bank in progress

The committee set up to investigate the project is made up of leading co-operators and aims…

European banking risk reforms ‘need proportionality for co-ops and other small players’

'Pragmatic and flexible approaches' should consider 'available tools, practical implications, cooperation between stakeholders, execution speed and…

New Zealand Co-operative Bank shares NZD $2.5m profit with customers

The bank reported an underlying profit of $20.6m before rebates and tax

Shaun Tarbuck to retire as ICMIF chief, with Liz Green taking the reins

Tarbuck officially steps down in November 2024 and will stay on part time in an advisory/ambassadorial…

Building societies bring mutual values to bear on economic crisis

'The culture, behaviour and decisions made by building societies, credit unions and co-ops are different because…

Credit union legislation granted royal assent in Parliament

The Financial Services and Markets Act 2023 is 'pivotal' for credit unions – but fails other…

Mutual and co-operative insurers continue to grow global market share

According to a new ICMIF report, the market share of mutual and co-operative insurers was 26.2%…

Social Market Foundation calls for more action to support mutual sector

Information campaigns to raise public awareness and new capital instruments could help the sector meet its…

Desjardins backs wind farms scheme in eastern Quebec and the Magdalen Islands

The scheme backed by the Canadian finance co-op includes building four wind farms with a combined…

Annual report from Canada’s Co-operators highlights climate friendly initiatives

The insurer, which says it is currently 100% carbon neutral in its operations, has been investing…

Boost for mutual sector as building societies beat banks on savings balances

'In 2022, building societies offered higher savings rates than those in similar accounts with the major…