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
Last year's hedge fund losers may be turning into winners again. Several of the largest hedge funds that ended last year deep in the red, jumped to good starts in January, giving their wealthy investors reason to believe savvy traders are getting back their magic touch.
What’s behind the recent rally in financial stocks? An era of good feeling, Jim Cramer said on “Squawk on the Street.”
Banks are the key to fixing Europe's ongoing economic crisis, and they must be helped to lend while recapitalization of European financial institutions takes place early next year, analysts said on Tuesday.
UK Prime Minister David Cameron on Monday defended his decision to veto European Union treaty changes at last week's summit of EU leaders, saying he was faced with a choice of treaty change without safeguards for Britain, or no treaty.
Latvia's largest bank is scrambling to contain a run among depositors gripped by fears of the bank's imminent collapse.
Markets and governments face an uphill struggle to fund themselves next year amid extreme uncertainty over the eurozone and the global economy, as new figures reveal that the borrowing of industrialised governments has surged beyond $10tr this year and is forecast to grow further in 2012. The Financial Times reports.
British Prime Minister David Cameron is facing criticisms of leaving the UK isolated after he said he would not agree to a new European Union treaty.
US lenders pushing short-term loans that charge up to 5,000 per cent interest per year are targeting low-income UK borrowers abandoned by high street banks. The Financial Times reports.
Add health care fraud to ponzi schemes and insider trading at the top of the list of wrongdoing in the financial world.
Compensation levels for hedge funds and investment-management firms "are going to come down very significantly versus other parts of the economy," investor Barton Biggs told CNBC Friday.
While derivatives themselves carry risks and financial scandals have tarnished their image, many companies still use futures contracts, swaps, collars, and other hedging instruments to minimize volatility in their cost of doing business.
No time wasted. Only an hour after Sergio Ermotti was appointed interim CEO of UBS following Oswald Gruebel's decision to resign, the Swiss Italian banker, alongside Chairman Kaspar Villiger, addressed the media in a hastily arranged conference call.
The Obama administration, increasingly alarmed by the spillover effects of Europe’s financial crisis, has begun an intensive lobbying campaign to persuade Chancellor Angela Merkel of Germany to ramp up efforts to stem any contagion from the debt crisis in Greece, the NYT reports.
The way to solve the euro zone banking crisis for the long-term is for a third of the industry to disappear, according to Ralph Silva, the research director at financial management consultant SRN.
As Beijing clamps down on credit, investment capital is now migrating away from banks and their controlled lending rates toward non-traditional private lenders whose clients are willing to pay exorbitant-interest rates. Caixin Media reports.
Hedge fund firm GLG Partners’ recently-launched European Equity Alternative Fund will steer clear of financial services, Pierre Lagrange, partner and co-founder at GLG told CNBC on Wednesday.
Planned job cuts rose to 41,432 jobs in June, an 11.6 percent increase on May, but the overall pace of downsizing is at the lowest level for 11 years, according to the monthly jobs report by Challenger, Gray & Christmas.
When the going gets tough, the tough...err... head to Monaco. The world's largest fund managers headed to Monaco Tuesday to discuss the issues closest to their hearts.
Investors should prepare themselves for smaller profit margins as banks stash away more capital to avoid another global financial crisis, the world's major central bankers cautioned.
For many dads, the greatest Father's Day gift imaginable is the sight of a son or daughter working beside him in the family business. Here are some CEO dads whose kids hold executive positions in their companies.