Friday, October 17, 2014 12:00 AM - David Parkinson, The Globe and Mail
Canada’s inflation rate hit 2.0 percent in September, down slightly from from August’s 2.1 percent, as higher food and shelter costs were offset by a decline in gasoline prices.
Friday, October 17, 2014 12:00 AM - Tanya Agrawal and Lauren Tara LaCapra, Reuters
Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank's trading and wealth management businesses benefited from increased client activity.
Friday, October 17, 2014 12:00 AM - Lauren Tara Lacapra, Reuters
Top Goldman Sachs Group Inc. executives are determined to keep compensation costs under control. And that means even when the bank's revenue spikes higher, bankers' bonuses won't.
Thursday, October 16, 2014 12:00 AM - Tanya Agrawal and Lauren Tara LaCapra, Reuters
Goldman Sachs Group Inc. reported a 50 percent rise in third-quarter net profit on Thursday as last month's sudden pickup in bond market activity boosted trading revenue.
Wednesday, October 15, 2014 12:00 AM - Tanya Agrawal and Peter Rudegeair, Reuters
Bank of America Corp., the second-largest U.S. bank, reported a quarterly loss applicable to common shareholders, largely due to a huge mortgage settlement with the U.S. government.
Tuesday, October 14, 2014 12:00 AM - Anil D'Silva and David Henry, Reuters
Citigroup Inc said it would pull out of consumer banking in 11 markets, including Japan and Egypt, as the most international U.S. bank focuses on more profitable businesses.
Tuesday, October 14, 2014 12:00 AM - Tanya Agrawal and David Henry, Reuters
JPMorgan Chase & Co. posted a third-quarter profit as the biggest U.S. bank moved past the huge legal claims that pushed it into a rare loss in the same quarter last year, according to an apparently authentic bank document posted on an investment website ahead of its official release on Tuesday.
Wednesday, October 01, 2014 12:00 AM - Doug Alexander and Kelly Bit, Bloomberg
Royal Bank of Canada decided against spinning off its U.S. proprietary trading business into a hedge fund, according to an e-mailed statement from the Toronto-based lender.
Tuesday, September 30, 2014 12:00 AM - Tim Kiladze, The Globe and Mail
In his first major speech since becoming Canada’s banking watchdog, Superintendent Jeremy Rudin largely stuck to the script, reiterating the regulator’s long-standing commitment to curb excessive risk-taking and its right to go above and beyond global standards as it sees fit.
Friday, September 26, 2014 12:00 AM - Mary Childs and Charles Stein, Bloomberg
Pacific Investment Management Co. named Daniel Ivascyn group chief investment officer of the $1.97 trillion bond firm after Bill Gross left to join Janus Capital Group Inc.