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  • TORONTO, Aug 28- Bank of Nova Scotia, which reported a quarterly profit that beat market expectations on Friday, said bad loans in the energy sector climbed as the oil price selloff took a toll. Shares of Scotiabank, Canada's third-largest bank, were down nearly 1 percent in mid-afternoon trading. "It seems to me that it's going to be a tough year ahead for Bank of Nova...

  • BEIJING, Aug 28- China's local pension funds will start investing 2 trillion yuan as soon as possible in stocks and other assets, senior government officials said on Friday, in a bid to boost the investment returns of such funds. China said last weekend that it would let pension funds under local government units to invest in the stock market for the first time, a...

  • BEIJING, Aug 28- China's local pensions funds will start investing 2 trillion yuan as soon as possible in stocks and other assets, Vice Minister of Human Resources and Social Security You Jun said on Friday. China said last weekend that it would allow pension funds to invest in the stock market for the first time, a move that could potentially channel hundreds of...

  • BlackRock buys ‘robo-adviser’ to woo Millennials Wednesday, 26 Aug 2015 | 9:09 PM ET
    BlackRock signage above building entrance in New York.

    BlackRock has bought a "robo-adviser" that crafts automated portfolios in the hope of winning Millennial clients, the FT reports.

  • Yuan slide seen adding to StanChart's Asian challenges Thursday, 13 Aug 2015 | 8:10 AM ET

    LONDON, Aug 13- Already faced with a battle to revive the fortunes of banking group Standard Chartered, new Chief Executive Bill Winters is now confronted with another challenge in the shape of China's yuan devaluation. London- based Standard Chartered is the European bank most exposed to Asia's economic weakness and currency volatility, which come just as...

  • SAO PAULO, Aug 5- The board of Vale SA, the world's largest iron ore producer, on Wednesday approved plans to raise 1 billion reais from the sale of debt notes to expand the railway system at its Carajas ore mine. Credit ratings agency Moody's Investors Service rated the senior unsecured notes at Baa2, the second-lowest investment-grade ranking, with a "negative"...

  • BEIJING, June 17- China's cabinet has allowed Bank of Communications to look into taking on more private shareholding as part of the government's push to reform state-owned lenders struggling with a spike in bad loans in a slowing economy. HSBC is the largest foreign shareholder in BoCom, with a 19 percent stake, but the plan also did not mention anything about...

  • NEW YORK, April 30- American International Group Inc's first-quarter earnings fell slightly as low interest rates and weaker returns from alternative investments offset improvements in its commercial insurance business. AIG's posted operating earnings of $1.69 billion, or $1.22 per share, in the quarter. AIG has focused more closely on its core businesses...

  • *Q1 net profit $217.2 mln vs $216.3 mln last year. AMMAN, April 22- Arab Bank Group, Jordan's largest lender, posted a small rise in first-quarter net profit to $217.2 million on Wednesday, helped by a rise in loans and customer deposits. Arab Bank, present in 30 countries in five continents, owns 40 percent of Saudi Arabia's Arab National Bank ANB.

  • SAFT ON WEALTH-GE points way for 'too big to fail' peers Wednesday, 15 Apr 2015 | 4:41 PM ET

    April 15- If shedding its financing arm did wonders for General Electric's stock price, maybe too-big-to-fail bank peers like Citibank and JP Morgan should consider similar moves. GE last Friday announced a plan to divest most of GE Capital, taking operating earnings from finance eventually down to less than 10 percent of the whole as compared to 57 percent in...

  • A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.

  • Getting cash from the crowd Tuesday, 17 Jun 2014 | 6:10 AM ET
    Charles Adler, Perry Chen and Yancey Strickler (left to right), founders of Kickstarter

    Anyone can invest in disruptive start-ups, thanks to crowdfunding sites like Kickstarter. It has helped fund blockbusters like Oculus Rift

  • Closest thing bitcoin has to a central bank Tuesday, 17 Jun 2014 | 6:09 AM ET
    Fred Ehrsam (left) and Brian Armstrong, founders of Coinbase

    With 1.3 million consumer wallets created and 32,000 merchants on board, Coinbase may be the closest thing bitcoin has to a central bank.

  • The venture capital darling ending venture capital Tuesday, 17 Jun 2014 | 6:00 AM ET
    Naval Ravikant, co-founder of AngelList.

    With AngelList, entrepreneurs wary of venture capital have a new way to transition their ideas all the way from start-up to stock offering.

  • Getting banks out of the forex business Tuesday, 17 Jun 2014 | 6:00 AM ET
    Taavet Hinrikus and Kristo Käärmann, founders of TransferWise

    When two friends living in Europe got fed up with money-transfer fees, they knew there had to be a better way, and PayPal's founder agreed.

  • Hunting the wolves of Wall Street via the Internet Tuesday, 17 Jun 2014 | 6:00 AM ET
    Bill Harris, co-founder and CEO of Personal Capital

    Personal Capital, an Internet-based personal finance platform, is aiming to end the stranglehold of Wall Street's high-fee brokerage model.

  • Silicon Valley’s plan to oust wealth managers Tuesday, 17 Jun 2014 | 6:00 AM ET
    Adam Nash, CEO of Wealthfront

    The wolves of Wall Street won't stand a chance if the next generation truly embraces an algorithm as its wealth manager.

  • An online peer-to-peer lender, far from Wall St. Tuesday, 17 Jun 2014 | 6:00 AM ET
    Renaud Laplanche, founder and CEO of Lending Club

    Lending Club has become a lender of first resort to consumers and business owners. The peer-to-peer market has put Wall Street on notice.

  • A brother team earning stripes in PayPal battle Tuesday, 17 Jun 2014 | 6:00 AM ET
    Stripe co-founders Patrick and John Collison

    No industry is more resistant to change than the 'clunky' payments space, but if you think PayPal is the biggest threat, think again.

  • The least stressful jobs for 2014 Tuesday, 7 Jan 2014 | 6:01 AM ET

    Feeling stressed? Kick back and check out the list of the 10 least stressful jobs for 2014.