Higher Fees, Borrowing Costs: Welcome To Booming Big Six Banking

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The banks’ big profits also bring takeaways in the form of the higher fees and borrowing costs we’ve seen in the past few years. (CP photo)
The banks’ big profits also bring takeaways in the form of the higher fees and borrowing costs we’ve seen in the past few years. (CP photo)

Five of the big banks parlayed their strong results into dividend increases, which is good news for a wider swath of investors than you might imagine because of the prevalence of bank shares in mutual funds and pension plans. But the banks’ big profits also bring takeaways in the form of the higher fees and borrowing costs we’ve seen in the past few years.

Read the whole story at The Globe and Mail