Canadian Banks Face Hurdles in the US

Investment Executive, Rudy Mezzetta, 5 February 2007Three of Canada�s biggest banks are slowly but steadily building their U.S. retail bank subsidiaries as they try to stake out a claim in the world�s largest and most competitive banking environment. Yet, some observers contend, the south-ward expansion may be too slow.Federal permission for domestic bank mergers is still being withheld, so