Thursday, October 23, 2014 12:00 AM - Doug Alexander, Bloomberg
Auto loans in Canada have quadrupled since 2007, putting lenders including Toronto-Dominion Bank and Royal Bank of Canada at bigger risk of losses in an economic slump, Moody’s Investors Service said.
Tuesday, October 21, 2014 12:00 AM - Foo Yun Chee, Reuters
JPMorgan, UBS and Credit Suisse were fined a total of 94 million euros ($120 million) by the European Commission for taking part in cartels in the financial sector.
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.