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...» Read More
TORONTO, Feb 25- Royal Bank of Canada, the country's top lender, posted a better-than-expected quarterly profit on Wednesday, driven by significant gains in its personal and commercial banking and capital markets businesses. The results could improve investor sentiment towards Canadian banks, which took a hit after Bank of Montreal, Canada's fourth-largest...
TORONTO, Feb 13- The Canada Pension Plan Investment Board, one of the world's biggest pension funds, on Friday reported gross investment returns of 3.3 percent for its fiscal third quarter as strength in global equity markets boosted returns. CPPIB, which manages Canada's national pension fund and is a major global dealmaker, ended the quarter with net assets of...
Cash withdrawals totaled $150 billion from Pimco's U.S. open-end mutual funds in 2014. In January, investors pulled $11.6 billion from the Pimco Total Return Fund. 'said Mendel Melzer, chief investment officer for The Newport Group, a Heathrow, Florida- based consultant to institutional investors, including 400 retirement plans, with $21 billion in assets...
DUBAI, Feb 3- Cash-rich Gulf banks are becoming bigger players in the region's aviation boom, helping carriers like Emirates, Qatar Airways and Etihad Airways to fund their fleet expansion. Figures from European planemaker Airbus show that 47 percent of its aircraft deals in the Middle East in the first 11 months of last year were funded by local banks, up from 17...
A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.
Anyone can invest in disruptive start-ups, thanks to crowdfunding sites like Kickstarter. It has helped fund blockbusters like Oculus Rift
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.
No industry is more resistant to change than the 'clunky' payments space, but if you think PayPal is the biggest threat, think again.
With AngelList, entrepreneurs wary of venture capital have a new way to transition their ideas all the way from start-up to stock offering.
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.
Personal Capital, an Internet-based personal finance platform, is aiming to end the stranglehold of Wall Street's high-fee brokerage model.
The wolves of Wall Street won't stand a chance if the next generation truly embraces an algorithm as its wealth manager.
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.
Feeling stressed? Kick back and check out the list of the 10 least stressful jobs for 2014.
Think your job is stressful? Take a number. Here are the 10 most stressful jobs of 2014.
Even as the rest of America pulls back on mortgages, the wealthy are going on a borrowing binge for million-dollar homes, according to RealtyTrac.
McGraw Hill Financial posted an 18 percent rise in quarterly profit as it earned more from a surge in corporate debt issuances and its Dow Jones indices.
Discount brokerage E*Trade Financial reported a quarterly loss because of an impairment charge of $142 million to account for its surprise exit from market making.
This earnings season is going to be a bummer. Hey, tell us something we don't know. Well, it may not be so bad after all. Here's why.
The Bloomberg terminal privacy breach puts the firm in an awkward situation: Explaining itself to Wall Street clients.