The market is keying on this all important report, and "Mad Money" host Jim Cramer is cooking up his own view.» Read More
SINGAPORE/ HONG KONG, Dec 8- Royal Bank of Scotland Plc has launched the sale of private bank Coutts International and has invited at least 10 potential suitors, including Credit Suisse, Julius Baer and Malayan Banking Bhd to participate in an auction, sources said. RBS and its adviser Goldman Sachs have sent out sale documents containing financial and other...
TORONTO, Dec 5- Shares of Bank of Nova Scotia and National Bank of Canada weakened after the lenders reported quarterly results on Friday, closing out an earnings season in which Canadian banks largely disappointed investors. National Bank of Canada, the country's sixth-largest lender, reported a higher profit largely in line with analysts' expectations, led...
TORONTO, Dec 4- Shares of Toronto-Dominion Bank and Canadian Imperial Bank of Commerce slid on Thursday after posting soft results in what is shaping up to be a disappointing fourth-quarter earnings season for Canadian lenders. TD Bank reported a weaker-than-expected profit, even as its revenue and earnings rose, and said it expects a more challenging...
TORONTO, Dec 3- Royal Bank of Canada reported a stronger fourth-quarter profit on Wednesday as gains at its core personal and commercial banking and wealth management businesses offset weakness at its capital markets arm. Canada's largest bank reported net income of C $2.3 billion, or C $1.57 a share on a fully diluted basis, for the fourth-quarter ended Oct. 31,...
TORONTO, Dec 3- Royal Bank of Canada reported a stronger fourth-quarter profit on Wednesday as gains at its core personal and commercial banking and wealth management businesses offset weakeness at its capital markets arm. Canada's largest bank reported net income of C $2.3 billion, or C $1.57 a share, for the fourth-quarter ended Oct. 31, compared with C $2.1...
OTTAWA, Nov 28- Canada's economy grew faster than expected in the third quarter, according to data on Friday, but cheaper oil prices add to the likelihood the Bank of Canada will not consider higher interest rates anytime soon despite the recent run of strong figures. Bank of Montreal chief economist Doug Porter said the string of strong data on jobs, auto sales,...
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NEW YORK/ TORONTO, Oct 26- Moody's Investors Service warned on Friday it could cut its ratings on five top Canadian banks on concerns about a softening economy and volatile capital markets, a blow to a banking system named the soundest in the world four years in a row.
NEW YORK-- Moody's Investors Service warned Friday that it could downgrade its debt ratings on the U.S. subsidiaries of two Canadian banks, Toronto-Dominion Bank and Bank of Montreal, after the parent companies' ratings were placed on review.
HONG KONG, Oct 26- Adam Gazal trained for six months to stand in the ring for six minutes of live boxing. The managing partner of National Australia Bank was one of 14 contenders who took part in Hong Kong's sixth annual IronMonger Hedge Fund Fight Night, a fundraising event that is now a staple of the city's financial community.
HONG KONG, Oct 26- Adam Gazal trained for six months to stand in the ring for six minutes of live boxing. The managing partner of National Australia Bank was one of 14 contenders who on Thursday took part in Hong Kong's sixth annual IronMonger Hedge Fund Fight Night, a fundraising event that is now a staple of the city's financial community.
TORONTO, Oct 12- Toronto's main stock index pulled back on Friday and marked its worst weekly performance in four months as worries about the euro zone's crisis strategy, the upcoming U.S. election and slowing global economic growth limited the appeal of riskier assets. 0.5 percent at C $53.22, and Bank of Montreal.
Oct 10- Fairfax Financial Holdings Ltd on Wednesday sold C $200 million of 10- year debt, according to a term sheet seen by Reuters. The 5.84 percent notes, due Oct. 14, 2022, were priced at 99.963 to yield 5.845 percent, or 403.9 basis points over the Canadian government benchmark. The investment dealer arm of Bank of Montreal was the bookrunning manager for the sale.