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...» Read More
A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.
SHANGHAI/ BEIJING, Nov 24- A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation. But some success for a policy drive to curb risky lending is not all good news for Beijing, as smaller companies may face even bigger struggles to find funding. A cut in interest rates, announced by Beijing on...
If so, and all else being equal, downward pressure on the euro may mount at a time when the European Central Bank, struggling to avoid a third recession since 2008, will find this quite useful. One of the big stories of the past 15 years has been the huge growth of global central bank forex reserves, particularly in China, which went from having very little at the end of...
*JPMorgan falls, Citigroup climbs after results. Citigroup, up 3.2 percent to $51.48, was among the top boosts to the benchmark S&P index after the bank posted better-than-expected quarterly results and said it would pull out of consumer banking in 11 markets. But JPMorgan Chase shares lost 1.1 percent to $57.54, after the biggest U.S. bank posted third-quarter...
*JPMorgan falls, Citigroup climbs after results. Citigroup, up 3.2 percent to $51.48, was the biggest boost to the benchmark S&P index after the bank posted better-than-expected quarterly results and said it would pull out of consumer banking in 11 markets. But JPMorgan Chase shares lost 0.9 percent to $57.61, after the biggest U.S. bank posted third-quarter...
Oct 1- Pacific Investment Management Co suffered a record $23.5 billion of withdrawals from its flagship Pimco Total Return Fund in September, with its largest daily outflow occurring on the day of Bill Gross's surprise resignation from the firm. The Newport Beach, Calif.- based fund manager said the Pimco Total Return Fund, which was run by Gross for 27 years, is "...
TORONTO, Sept 29- TMX Group Ltd named Lou Eccleston as its new chief executive officer, the Toronto Stock Exchange operator said on Monday, after a lengthy global search to replace retiring CEO Tom Kloet. Eccleston left McGraw Hill Financial in July. Eccleston has also previously worked at Thomson Reuters Corp predecessor Thomson Financial, and at Bloomberg LP.
WASHINGTON, Sept 28- Richard Fisher, president of the Dallas Federal Reserve Bank, said the United States risks falling behind the curve on inflation as wage pressure starts to bubble in some parts of the country.
Anyone can invest in disruptive start-ups, thanks to crowdfunding sites like Kickstarter. It has helped fund blockbusters like Oculus Rift
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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.