trending Market Intelligence /marketintelligence/en/news-insights/trending/Y9hepsqL3YflDrcwGKpy7w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Street Capital to cut 30 jobs as part of 'strategic realignment'

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Street Capital to cut 30 jobs as part of 'strategic realignment'

Toronto-based Street Capital Group Inc. will let go of 30 employees as part of its "strategic realignment." Street Capital Group is the parent of Street Capital Bank of Canada.

This will result in a one-time charge of about $2.5 million against income in the first quarter.

Duncan Hannay, president and CEO of Street Capital, said in a news release that the decision was difficult but necessary to improve Street Capital's profitability and to explore various avenues to strengthen the bank's capital base.