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Company Directory - National Bank

Company Details - National Bank

National Bank Logo

National Bank

Website

Montreal, Canada

600 Locations

National Bank is a leading financial institution in Canada offering a wide range of banking services such as personal, commercial, and investment banking, as well as wealth management solutions. It serves millions of customers through its extensive branch network and digital platforms, aiming to meet the diverse financial needs of individuals and businesses across Canada.

CCI Score

CCI Score: National Bank

-8.66

Latest Event

National Bank CEO Urges Ottawa to Appoint Deregulation Official

National Bank CEO Laurent Ferreira publicly called on the federal government to appoint a non-partisan deregulation official to identify and eliminate unnecessary regulatory barriers. In his remarks, he also proposed measures such as reducing capital gains taxes for business owners, dismantling interprovincial trade barriers, deferring taxes on business transfers, and enacting a 'Buy Canada Act' to prioritize local businesses and defense procurement amid rising economic uncertainty.

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COLLABORATOR

National Bank is currently rated as a Collaborator.

-5 to -9 CCI Score
In this category, companies align with authoritarian practices mainly to avoid trouble or regulatory conflict. Their compliance is driven by self-preservation, resulting in minimal resistance even as they participate in oppressive systems.

Latest Events

  • National Bank CEO Urges Ottawa to Appoint Deregulation Official Logo
    FEB
    27
    2025

    National Bank CEO Laurent Ferreira publicly called on the federal government to appoint a non-partisan deregulation official to identify and eliminate unnecessary regulatory barriers. In his remarks, he also proposed measures such as reducing capital gains taxes for business owners, dismantling interprovincial trade barriers, deferring taxes on business transfers, and enacting a 'Buy Canada Act' to prioritize local businesses and defense procurement amid rising economic uncertainty.

  • -40

    Executive Political Engagement

    April 11

    The CEO’s public call for deregulation through the appointment of an official is an instance of executive political engagement that appears designed to reduce regulatory oversight. This deregulation push can undermine labor and consumer protections, aligning with corporate strategies that may favor profitability over public welfare.

    National Bank CEO urges Ottawa to appoint deregulation official

  • -30

    Economic Collaboration

    April 11

    The CEO’s advocacy for measures such as a 'Buy Canada Act' and tax deferrals illustrates an orientation towards economic nationalism. Such proposals may serve to consolidate corporate power and economic influence, potentially marginalizing equitable economic policies and exacerbating social inequalities.

    National Bank CEO urges Ottawa to appoint deregulation official

  • CEO Urges ‘Buy Canada Act’ and Domestic Economic Reforms Logo
    JAN
    23
    2025

    On January 23, 2025, National Bank CEO Laurent Ferreira called for a 'Buy Canada Act' and related nationalist reforms during a speech at the Chamber of Commerce of Metropolitan Montreal. His proposals included reducing the tax and regulatory burdens on businesses, full tax reform, and lowering capital gains taxes to stimulate domestic investment, as part of a response to looming US tariffs and growing protectionism.

  • +50

    Executive Political Engagement

    April 11

    The CEO’s public remarks and policy proposals, including the call for a Buy Canada Act, represent proactive executive political engagement aimed at steering national economic discourse. His engagement is positioned as a response to external pressures from US protectionist policies and reaffirms Canadian economic sovereignty, which from a left-leaning anti-fascist lens can be seen as countering authoritarian external influences.

    National Bank CEO Calls for Buy-Canada Rules - BNN Bloomberg

  • -20

    Economic and Structural Influence

    April 11

    While the proposed reforms aim to bolster domestic economic resilience, the call for full tax reform and reduced regulatory burdens—including lower capital gains taxes for entrepreneurs—raises concerns about potentially favoring corporate and elite interests over broader labor and social protections. This aspect could undermine equitable growth and worker rights, creating a mixed economic impact.

    National Bank CEO Calls for Buy-Canada Rules - BNN Bloomberg

  • Human Rights Complaint over Racial Discrimination at National Bank Logo
    JAN
    01
    2025

    A Black customer, Armstrong Victor, filed a complaint with the Canadian Human Rights Commission after experiencing racial discrimination at National Bank’s DIX30 branch in Brossard. Victor was followed by security, falsely accused of theft, detained in front of colleagues, and offered token compensation that he found insulting. The bank’s response, including an eventual offer of $500 and statements framing the incident as 'sad,' has been deemed inadequate in addressing the discrimination.

  • -70

    Labor Relations and Human Rights Practices

    April 11

    The incident highlights severe shortcomings in upholding human rights and fair treatment. The racial profiling, false detention, and inadequate compensation offered by National Bank in response to a complaint of racial discrimination signify a failure in labor and human rights practices. Such actions contribute to the marginalization of already vulnerable groups and reflect a broader systemic issue.

    Human rights complaint filed against National Bank for racial discrimination

  • National Bank Layoffs 2025 Impact on Worker Rights Logo
    JAN
    01
    2025

    An article outlines the significant layoffs at National Bank of Canada in 2025 affecting non-unionized employees, and explains the severance pay rights available to impacted workers. This highlights concerns regarding the bank's labor practices and the treatment of its workforce.

  • -40

    Labor Relations and Human Rights Practices

    April 11

    The layoffs at National Bank, especially affecting non-unionized employees, raise concerns about worker rights and fair labor practices. This trend of mass layoffs may indicate a corporate priority on cost-cutting over employee protections, undermining labor security and demonstrating poor ethical commitment to its workforce.

    National Bank Layoffs 2025: Your Rights and Severance Pay Explained

  • National Bank Layoffs Affect Employee Rights Logo
    OCT
    01
    2024

    The article details significant layoffs at National Bank prompted by economic pressures and technological shifts. It discusses several legal cases that underscore concerns over potential wrongful dismissals and unjust termination practices, raising questions about the bank's commitment to protecting employee rights.

  • -60

    Labor Relations and Human Rights Practices

    April 11

    The significant layoffs at National Bank, as described in the article, highlight weaknesses in the company's labor practices. The legal disputes over wrongful and unjust dismissal reflect a failure to uphold fair labor rights and protections. This negative assessment is driven by the potential harm to employees and the implied prioritization of economic efficiency over worker well-being.

    National Bank Layoffs: Legal Rights and Insights for Employees Facing Termination

  • National Bank Unveils Modern and Inclusive Headquarters Logo
    SEP
    20
    2024

    National Bank inaugurated its new 40-storey headquarters in Montreal, incorporating advanced technologies like artificial intelligence and cloud computing alongside inclusive, sustainable design features such as collaborative workspaces, daycare centre, and urban park facilities. The project, developed in partnership with local Montreal firms, underscores the bank's commitment to modernizing operations, enhancing employee wellbeing, and bolstering community engagement.

  • +20

    Public and Political Behavior

    April 11

    The bank's commitment to Montreal and the community is demonstrated by the inauguration of a headquarters designed to be modern, inclusive, and people-centric. This positive public stance reinforces community trust and progressive values.

    Amidst Modernization Efforts, National Bank Unveils All-New Headquarters in Montreal

  • +25

    Business Practices and Ethical Responsibility

    April 11

    The design of the new headquarters emphasizes ethical business practices by prioritizing employee wellbeing through features such as collaborative spaces, daycare facilities, and sustainable design. This approach reflects a commitment to fair labor practices and social responsibility.

    Amidst Modernization Efforts, National Bank Unveils All-New Headquarters in Montreal

  • +20

    Technology and Services Impact

    April 11

    By incorporating artificial intelligence and cloud technologies, National Bank is modernizing its operations to improve efficiency and customer service. The adoption of these technologies supports progressive innovation without evident ties to repressive surveillance.

    Amidst Modernization Efforts, National Bank Unveils All-New Headquarters in Montreal

  • +15

    Economic and Structural Influence

    April 11

    The construction of the new headquarters, developed in collaboration with local Montreal partners, is a significant investment that contributes to economic growth and urban revitalization. This effort demonstrates a positive structural influence on the local economy.

    Amidst Modernization Efforts, National Bank Unveils All-New Headquarters in Montreal

  • National Bank CEO advocates for deregulation Logo
    APR
    19
    2024

    During the bank’s annual shareholder meeting on April 19, 2024, National Bank CEO Laurent Ferreira called on Ottawa to remove what he described as regulatory barriers hindering productivity and quality of life for Canadians. He also warned that recent changes in capital gains taxation could further deter domestic investment and innovation.

  • -40

    Executive Political Engagement

    April 11

    The CEO's public appeal for deregulation reflects a move towards prioritizing corporate profitability over regulatory oversight. By urging Ottawa to remove barriers and criticizing the capital gains tax increase, the bank appears to favor a market-friendly, less-regulated environment that can undermine worker protections and democratic accountability, thus aligning with corporate practices that may indirectly support authoritarian outcomes.

    National Bank CEO calls on Ottawa to remove regulatory barriers to growth

  • National Bank ESG Reports Promote Transparency and Inclusivity Logo
    MAR
    21
    2024

    National Bank of Canada released its ESG reports for 2023, detailing its commitments to environmental sustainability, social responsibility, and inclusion. The reports include its Climate Report, an Inclusion, Diversity and Equity Booklet, and a Responsible Investment report, laying out concrete steps in reducing GHG emissions, promoting an inclusive work environment, and supporting community engagement.

  • +80

    Business Practices and Ethical Responsibility

    April 11

    The publication of comprehensive ESG reports demonstrates the bank's commitment to ethical business practices, transparency, and social responsibility. By publicly outlining initiatives on climate action, diversity, and responsible investment, the bank reinforces progressive values and resists practices that could otherwise contribute to authoritarian or exclusionary policies.

    National Bank of Canada Releases its Latest ESG Reports

  • National Bank's Role in Crisis Recovery during the Great Recession Logo
    SEP
    15
    2008

    During the Great Recession, National Bank, along with other institutional investors like CDPQ, played a key role in managing the collapse of commercial paper by agreeing on an orderly method to recover investments, contributing to the stabilization of the financial market and protection of jobs.

Corporate Financials

Revenue
2025
$5.00B
Total Assets
2025
$100.00B
Operating Income
2025
$3.00B
Total Equity
2025
$10.00B

Employees: 12,000

Industries

522110
Commercial Banking
523110
Investment Banking and Securities Dealing
523120
Securities Brokerage
522120
Savings Institutions
522190
Other Depository Credit Intermediation