In a CNBC exclusive interview, Gordon Nixon, Royal Bank of Canada president & CEO, discusses his decision to step down as CEO of Canada's largest bank and touches on the slowdown in the banking retail business.» Read More
Deutsche Bank pulled the plug on its global commodities trading business, cutting 200 jobs as it becomes the first major bank to exit the sector.
A US judge is considering an alternative that could result in Bank of America paying much less than the $863.6 million the government is seeking.
The retail sector has become competitive in Canada, says Ed Clark, TD Bank Group CEO and president. As for TD Bank, Clark says the market has gotten past its "soft" insurance and wholesale business performance.