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EQB to announce second quarter 2024 results and host earnings call

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星期四, 四月 25, 2024

TORONTO, April 25, 2024 /PRNewswire/ - EQB Inc. (TSX: EQB) (TSX: EQB.PR.C) will report its second quarter fiscal 2024 financial results after market close on May 29, 2024, and will host an earnings conference call on May 30, 2024, at 10:00 a.m.

Key Points:

TORONTO, April 25, 2024 /PRNewswire/ - EQB Inc. (TSX: EQB) (TSX: EQB.PR.C) will report its second quarter fiscal 2024 financial results after market close on May 29, 2024, and will host an earnings conference call on May 30, 2024, at 10:00 a.m.
ET.
EQB's Andrew Moor, president and chief executive officer, Chadwick Westlake, chief financial officer, and Marlene Lenarduzzi, chief risk officer, will host the listen-only conference call and webcast.
The details of the call are as follows:

EQB announces voting results of annual general and special meeting of shareholders

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星期三, 四月 10, 2024

TSX, EQB

TORONTO, April 10, 2024 /PRNewswire/ - EQB Inc. (TSX: EQB) (TSX: EQB.PR.C) today announces the election of the 11 nominees listed in the management information circular dated February 15, 2024, as directors of EQB at the annual and special meeting (the "Meeting") of shareholders held earlier today.

Key Points:

TORONTO, April 10, 2024 /PRNewswire/ - EQB Inc. (TSX: EQB) (TSX: EQB.PR.C) today announces the election of the 11 nominees listed in the management information circular dated February 15, 2024, as directors of EQB at the annual and special meeting (the "Meeting") of shareholders held earlier today.
The results of the proxy vote for director elections are as follows:

Decomposing systemic risk: the roles of contagion and common exposures

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星期二, 四月 23, 2024

Tao, CIBC, Tax, RWA, Risk, European Systemic Risk Board, Research Papers in Economics, Contagion, RT, The Big Six, NBC, International, Shock, Observation, Bank of Canada, HTC, European Economic Association, The Washington Post, Great, JPMorgan Chase, Paper, GM, Environment, Political economy, Journal of Financial Economics, COVID-19, Perception, BNS, Website, Silicon, IAT, Cifuentes, Probability, Balance sheet, RAN, Medical classification, Algorithm, Information technology, Quarterly Journal of Economics, LN, Nature, European Journal, Royal Bank of Canada, Technical report, Journal of Political Economy, Equitable Bank, Bankruptcy, RAI, PDF, Private, ECB, Policy, CHS, Supercapacitor, Social science, Journal of Financial Stability, Intelligence (journal), Elsevier, Home, Cambridge University Press, Journal, Springer Science+Business Media, Research, Classification, Regulation, News, EQB, Credit, Literature, AIK, European Central Bank, COVID, SVAR, Section 5, Management science, DRA, M4, VL, National bank, Government, ISSN, BMO, Panel, International Financial Reporting Standards, BIS, FIS, Basel III, Commerce, Scotiabank, C32, Econometric Society, Interbank, Fraud, Section 4, Bank, Schedule, VAR, Section 3, The Journal of Finance, RBC, Volcanic explosivity index, Fire, Wassily Leontief, Financial economics, Metric, Section 2, L14, Central bank, Superintendent, Bank of Montreal, Kronecker, BOC, Lithium, BCBS, Sale, Macroeconomic Dynamics, Christophe, CWB, LBC, NHA, Imperial Bank, Private equity, Quarterly Journal, National Bank of Canada, C51, Canadian Western Bank, Currency crisis, JEL classification codes, Victor Drai, L.1, MFC, Silicon Valley Bank, EB, Laurentian Bank of Canada, Federal, RA1, Series, W0, FEVD, Journal of Econometrics, Aggregate, University, FRB, MB, Financial institution, Element, Health, Book, Angels & Airwaves, Common, OSFI, GFC, Reproduction, K L, Systematic, Housing, G21, Home Capital Group, Communications satellite

Abstract

Key Points:

Abstract
We evaluate the effects of contagion and common exposure on banks? capital through
a regression design inspired by the structural VAR literature and derived from the balance
sheet identity.
Contagion can occur through direct exposures, fire sales, and market-based
sentiment, while common exposures result from portfolio overlaps.
First, we document that contagion varies in time, with the highest levels
around the Great Financial Crisis and lowest levels during the pandemic.
Our new framework complements
traditional stress-tests focused on single institutions by providing a holistic view of systemic risk.
While existing literature presents various contagion narratives, empirical findings on
distress propagation - a precursor to defaults - remain scarce.
We decompose systemic risk into three elements: contagion, common exposures, and idiosyncratic risk, all derived from banks? balance sheet identities.
The contagion factor encompasses both sentiment- and contractual-based elements, common exposures consider systemic
aspects, while idiosyncratic risk encapsulates unique bank-specific risk sources.
Our empirical analysis of the Canadian banking system reveals the dynamic nature of contagion, with elevated levels observed during the Global Financial Crisis.
In conclusion, our model offers a comprehensive lens for policy intervention analysis and
scenario evaluations on contagion and systemic risk in banking.
This
notion of systemic risk implies two key components: first, systematic risks (e.g., risks related
to common exposures) and second, contagion (i.e., an initially idiosyncratic problem becoming
more widespread throughout the financial system) (see Caruana, 2010).
In this paper, we decompose systemic risk into three components: contagion, common exposures, and idiosyncratic risk.
First, we include contagion in three forms: sentiment-based contagion, contractual-based
contagion, and price-mediated contagion.
In this context,
portfolio overlaps create common exposures, implying that bigger overlaps make systematic
shocks more systemic.
With the COVID-19 pandemic starting
in 2020, contagion drops to all time lows, potentially related to strong fiscal and monetary
supports.
That is, our
structural model provides a framework for analyzing the impact of policy interventions and
scenarios on different levels of contagion and systemic risk in the banking system.
This provides a complementary approach to
seminal papers that took a structural approach to contagion, such as DebtRank Battiston et al.
More generally, the literature on networks and systemic risk started with Allen and Gale
(2001) and Eisenberg and Noe (2001).
The matrix is structured as follows:
1
In our model, we do not distinguish between interbank liabilities and other types of liabilities.
In other words, we can and aim to estimate different degrees
of contagion per asset class, i.e., potentially distinct parameters ?Ga .
For that, we build three major
metrics to check: average contagion, average common exposure, and average idiosyncratic risk.
N i j
et ,
Further, we define the (N ?K) common exposure matrix as Commt = [A

(20)

et ]diag (?C
?L

such that average common exposure reads,
average common exposure =

1 XX
Commik,t .
N i j
(22)

20

? c ),

The three metrics?average contagion, average common exposure, and average idiosyncratic risk?provide a comprehensive framework for understanding banking dynamics.
Figure 4 depicts the average level of risks per systemic risk channel: contagion risk, common exposure, and idiosyncratic risk.
Figure 4: Average levels of contagion (Equation (20)), common exposure (Equation (21)), and idiosyncratic risk
(Equation (22)).
The market-based contagion is the contagion due to
investors? sentiment, and the network is an estimate FEVD on volatility data.
For most of
the sample, we find that contagion had a bigger impact on the variance than common exposures.

Mercedes-Benz Partners with The MICHELIN Guide to offer A Taste of the Future at unique dining events in cities across Canada

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星期五, 四月 5, 2024

Farmer, Michelin Guide, Partnership, Mercedes-Benz, News, Travel, Transport, EQB, Down Home, Taste, AMG, Engineering, Creativity, Michelin, Atmosphere of Earth, EQE, Luxury, The, Restaurant

A Taste of the Future kicked off in Toronto, with upcoming stops in Vancouver and Montreal.

Key Points:

A Taste of the Future kicked off in Toronto, with upcoming stops in Vancouver and Montreal.
TORONTO, April 5, 2024 /CNW/ - Canadian culinary talent shines with the stars in a new dining series created by Mercedes-Benz and The MICHELIN Guide.
The dining series was inspired by the relationship between tradition and innovation that exists in both culinary arts as well as automotive engineering.
The A Taste of the Future dining series will continue this spring with stops in Vancouver and Montreal.

EQB Chief Executive Officer Andrew Moor to speak at National Bank Financial's 22nd Annual Financial Services Conference

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星期三, 三月 13, 2024

Equitable Bank, Speech, National Bank of Canada, Conference, EQB

TORONTO, March 13, 2024 /PRNewswire/ - Andrew Moor, chief executive officer of EQB Inc., parent company of Equitable Bank, Canada's Challenger Bank™, will speak at National Bank Financial's 22nd Annual Financial Services Conference in Montréal on March 26, 2024.

Key Points:

TORONTO, March 13, 2024 /PRNewswire/ - Andrew Moor, chief executive officer of EQB Inc., parent company of Equitable Bank, Canada's Challenger Bank™, will speak at National Bank Financial's 22nd Annual Financial Services Conference in Montréal on March 26, 2024.
His presentation will begin at 1:40 p.m.
A link to the live audio webcast will be available at EQB's website on March 26 at:
A replay of the speech will be available on EQB's website for three months following the conference.
It can be accessed at: https://eqb.investorroom.com/events#past.

EQB to announce first quarter 2024 results and host earnings call

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星期四, 一月 25, 2024

EQB, TSX, Webcast

TORONTO, Jan. 25, 2024 /PRNewswire/ - EQB Inc. (TSX: EQB) (TSX: EQB.PR.C) will report its first quarter fiscal 2024 financial results after market close on February 28, 2024, and will host an earnings conference call on February 29, 2024, at 10:00 a.m.

Key Points:

TORONTO, Jan. 25, 2024 /PRNewswire/ - EQB Inc. (TSX: EQB) (TSX: EQB.PR.C) will report its first quarter fiscal 2024 financial results after market close on February 28, 2024, and will host an earnings conference call on February 29, 2024, at 10:00 a.m.
ET.
EQB's Andrew Moor, president and chief executive officer, Chadwick Westlake, chief financial officer, and Marlene Lenarduzzi, chief risk officer, will host the listen-only conference call and webcast.
The details of the call are as follows:

Mercedes-Benz USA Reports Q4 2023 Total Sales of 90,014 Vehicles

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星期四, 一月 11, 2024

Additionally, Mercedes-Benz Vans reported Q4 2023 sales of 17,701 units, bringing MBUSA to a total of 90,014 vehicles for the quarter.

Key Points:

Additionally, Mercedes-Benz Vans reported Q4 2023 sales of 17,701 units, bringing MBUSA to a total of 90,014 vehicles for the quarter.
Sales in the Top-End segment is up 15% for 2023 compared to 2022 with a total of 94,391 units sold.
“Our 2023 sales results demonstrate another year of strong brand and volume growth for Mercedes-Benz USA.
Separately, Mercedes-Benz Certified Pre-Owned (MBCPO) models recorded sales of 137,518 vehicles for 2023, an increase of 2% versus 2022.

EQB Chief Executive Officer Andrew Moor to speak at RBC Capital Markets 2024 Canadian Bank CEO Conference

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星期二, 十二月 19, 2023

EQB, Conference, Bank, RBC Capital Markets, Speech, Equitable Bank

TORONTO, Dec. 19, 2023 /PRNewswire/ - Andrew Moor, chief executive officer of EQB Inc., parent company of Equitable Bank, Canada's Challenger Bank™, will speak at the RBC Capital Markets 2024 Canadian Bank CEO Conference in Toronto on January 9, 2024.

Key Points:

TORONTO, Dec. 19, 2023 /PRNewswire/ - Andrew Moor, chief executive officer of EQB Inc., parent company of Equitable Bank, Canada's Challenger Bank™, will speak at the RBC Capital Markets 2024 Canadian Bank CEO Conference in Toronto on January 9, 2024.
His presentation will begin at 3:05pm ET.
A link to the live audio webcast will be available at EQB's website on January 9 at:
A replay of the speech will be available on EQB's website for three months following the conference.
It can be accessed at: https://eqbank.investorroom.com/events#past

Mercedes-Benz Launches “Holidays with Love” Global Campaign to Celebrate Connections and Community

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星期一, 十一月 13, 2023

Mercedes-Benz (MBAG) is launching the “Holidays with Love” global campaign to celebrate the meaningful connections that make the holiday season special.

Key Points:

Mercedes-Benz (MBAG) is launching the “Holidays with Love” global campaign to celebrate the meaningful connections that make the holiday season special.
To celebrate the joy of the holidays and build connection and community, Mercedes-Benz USA is also hosting a “Holiday Love Celebration” giveback initiative that will provide new shoes to thousands of children in need.
This holiday season, we will highlight the power of connection and bring our own employees together to support our local community."
MBUSA ambassadors Bijan Robinson and Grady Jarrett, along with MBUSA employees, will hand out new shoes and help the students celebrate the holiday season.

EQB Completes Acquisition of Majority Interest in ACM Advisors

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星期四, 十二月 14, 2023

Growth, Acquisition, ACM, TSR, AUM, TSX, Organization, Partnership, EQB, Trust

TORONTO, Dec. 14, 2023 /PRNewswire/ - EQB Inc. ("EQB") (TSX: EQB) and (TSX: EQB.PR.C) today announced the successful completion of its previously announced acquisition of a 75% interest in ACM Advisors Ltd., ("ACM") one of Canada's largest and most well-respected alternative asset managers with nearly $5 billion in assets under management.

Key Points:

TORONTO, Dec. 14, 2023 /PRNewswire/ - EQB Inc. ("EQB") (TSX: EQB) and (TSX: EQB.PR.C) today announced the successful completion of its previously announced acquisition of a 75% interest in ACM Advisors Ltd., ("ACM") one of Canada's largest and most well-respected alternative asset managers with nearly $5 billion in assets under management.
"In ACM, we gain a trusted name that pioneered a specialized area of wealth and asset management for institutional and accredited retail investors.
We couldn't be more excited about this partnership thanks to the ACM team's superior talent, proven track record and promising scale."
We are thrilled to welcome Chad Mallow, Chad Mercer and the entire ACM team to EQB as we begin the exciting work of expanding our wealth management business opportunities together."