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National Bank Hires Scotiabank's Taylor for Sustainable Finance

(Bloomberg) National Bank of Canada has hired Jason Taylor, a director and co-lead of the sustainable finance group at rival Bank of Nova Scotia. ....

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National Bank Gets Lift From Quebec-Focused Personal Unit

(Bloomberg) National Bank of Canada is getting a boost from its home market of Quebec, where strong housing demand is supporting mortgage lending, and the third wave of Covid-19 has had a less severe impact than in other provinces.Profit in the personal and commercial banking business, which is highly focused on Quebec, increased more than fivefold to C$321 million ($265 million) in the fiscal second quarter, Montreal-based National Bank said Friday. Overall profit topped analysts’ estimates.National Bank increased revenue from personal and commercial banking 6.6% last quarter and saw the value of mortgages in the unit swell 9.4% from a year earlier to C$72 billion. The bank also held the growth of non-interest expenses in the division to 2.1%.“Particularly encouraging, in our view, was the bank’s strong top-line growth and its execution on cost control,” Mike Rizvanovic, an analyst at Credit Suisse Group AG, said in a note.National Bank, which gets a larg ....

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