Big Five Banks

AAA

DEFINITION of 'Big Five Banks'

A reference used in Canada to describe Royal Bank, The Bank of Montreal, Canadian Imperial Bank of Commerce, The Bank of Nova Scotia and TD Canada Trust, which are the five largest banks in the country.

INVESTOPEDIA EXPLAINS 'Big Five Banks'

Occasionally the term "Big Six Banks" is used, with the sixth bank referring to the National Bank of Canada. As of March 2008, the Big Six Banks and Laurentian Bank of Canada are the largest banks in Canada.

RELATED TERMS
  1. Online Banking

    The performance of banking activities via the Internet. Online ...
  2. Retail Banking

    Typical mass-market banking in which individual customers use ...
  3. Private Banking

    Personalized financial and banking services that are traditionally ...
  4. One-Stop Shop

    A company or a location that offers a multitude of services to ...
  5. Bank Marketing Association - BMA

    The publishing arm of the American Bankers Association, a trade ...
  6. Bank

    A financial institution licensed as a receiver of deposits. There ...
Related Articles
  1. Analyzing A Bank's Financial Statements
    Fundamental Analysis

    Analyzing A Bank's Financial Statements

  2. The Evolution Of Banking
    Credit & Loans

    The Evolution Of Banking

  3. When Financial Crisis Strikes The Bank ...
    Budgeting

    When Financial Crisis Strikes The Bank ...

  4. Tips For Fitting In At Your Brokerage ...
    Professionals

    Tips For Fitting In At Your Brokerage ...

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center