Bank of Canada says housing, debt still pose stability risks

Tuesday, December 10, 2013 12:00 AM - Louise Egan, Reuters

Soaring consumer debt and a robust housing market pose an "elevated" risk to Canada's financial stability, but the overall level of danger has fallen from six months ago, the Bank of Canada said on Tuesday.

Volcker rule to curb Wall Street bank trading bets

Tuesday, December 10, 2013 12:00 AM - Emily Stephenson and Douwe Miedema, Reuters

The United States will not implement the so-called Volcker rule before 2015, a top regulator said on Tuesday, a widely expected move after regulators struggled for years to agree on the ban on proprietary trading.

As rivals fade, Goldman stands firm on commodities

Friday, December 06, 2013 12:00 AM - Jonathan Leff and Dmitry Zhdannikov, Reuters

Just over three decades ago, Goldman Sachs bought a niche coffee-and-gold trading firm called J. Aron & Company, becoming one of the first banks to enter the commodity markets.

Scotiabank profit rises 12% as retail banking thrives

Friday, December 06, 2013 12:00 AM - Reuters

Bank of Nova Scotia, Canada's No. 3 lender, said on Friday its fourth-quarter profit rose 12 percent, helped by a rise in banking fees, stronger wealth management revenue and higher net interest income.

Canadian bank profits mixed as investors weigh in

Thursday, December 05, 2013 12:00 AM - Cameron French, Reuters

Royal Bank of Canada Chief Executive Gordon Nixon will step down next summer after 13 years at the helm of Canada's largest bank, RBC said on Thursday as it announced a stronger-than-expected quarterly profit.

TD Bank splits stock, falls short of Street, hikes payout

Thursday, December 05, 2013 12:00 AM - Cameron French, Reuters

Toronto-Dominion Bank, Canada's second-biggest bank, said on Thursday that its quarterly profit rose 1.6 percent, missing expectations, and it announced a 2-for-1 stock split.

CIBC profit slips on charges, dividend unchanged

Thursday, December 05, 2013 12:00 AM - Tim Kiladze, The Globe and Mail

Canadian Imperial Bank of Commerce's profit slipped in the fourth quarter, capping off a year with muted growth.

RBC chief Nixon to retire next summer, profit rises 11%

Thursday, December 05, 2013 12:00 AM - Tim Kiladze, The Globe and Mail

After 13 years at the top, Royal Bank of Canada chief executive officer Gord Nixon will retire next summer.

National Bank sets 2-for-1 stock split, raises dividend

Wednesday, December 04, 2013 12:00 AM - Ashutosh Pandey, Reuters

National Bank of Canada, the country's sixth-largest lender, announced a 2-for-1 stock split and raised its dividend after reporting a 4 percent fall in fourth-quarter profit.

RBS admits decades of IT neglect after systems crash

Tuesday, December 03, 2013 12:00 AM - Steve Slater and Aashika Jain, Reuters

Royal Bank of Scotland has neglected its technology for decades, the state-backed bank's boss admitted on Tuesday after a system crash left more than 1 million customers unable to withdraw cash or pay for goods.