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Bank of Nova Scotia

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  • TORONTO, Aug 22- Royal Bank of Canada on Friday reported a bigger-than-expected increase in quarterly earnings, driven by strong results from its wealth management and capital markets divisions. Shares in the bank hit a lifetime high of C $82.15 early on Friday before easing 1.2 percent to C $80.67 on a negative day on the Toronto Stock Exchange.

  • Canada's largest bank reported net income of C $2.38 billion, or C $1.59 a share, for the third quarter ended July 31, compared with C $2.29 billion, or C $1.51 a share, a year earlier.

  • *Aims to challenge dominance of New York and London. The strong response from foreign players will boost efforts by China- also the world's biggest producer of gold- to gain pricing power over the metal and to challenge the dominance of London and New York in trading.

  • The final conference call took place on Thursday between banker-dealers in the $3 billion a day London silver market in the old process of fixing the benchmark silver price.

  • Silver market reboots century-old price benchmark Thursday, 14 Aug 2014 | 7:01 PM ET

    LONDON, Aug 15- The silver market enters a new electronic era in benchmarking on Friday after a regulatory drive for more transparency in price setting brought the 117- year-old silver' fix' to an end. The process will be operated jointly by the Chicago Mercantile Exchange, which provides the platform and algorithm, and administrator Thomson Reuters.

  • TORONTO, Aug 8- Standard& Poor's said on Friday it had revised its outlook on Canadian banks to "negative," due to concerns the government is becoming less willing to bail out banks in the event of a financial crisis.

  • TORONTO, July 31- Canadian Imperial Bank of Commerce has named wealth management head Victor Dodig as its next president and chief executive, replacing Gerry McCaughey who will retire in September.

  • NEW YORK, July 25- Silver- bullion banks Deutsche Bank, Bank of Nova Scotia and HSBC have been accused of manipulating prices in a lawsuit filed in a New York district court on Friday. The lawsuit was filed by J. Scott Nicholson, a resident of Washington DC. The daily silver fix in London is set once a day by the banks in a conference call.

  • NEW YORK, July 25- Silver bullion banks Deutsche Bank, Bank of Nova Scotia and HSBC have been accused in a lawsuit of manipulating silver prices in the physical and futures market, according to a lawsuit filed in a New York district court on Friday.

  • *Gold fix company to detail new code of conduct. LONDON, July 25- The company operating the gold price' fix' has appointed a supervisory committee to oversee the century-old system of benchmarking gold prices ahead of the implementation of stricter regulations, its website showed on Friday.

  • *Gold fixing company launches request for proposals. LONDON, July 16- London Gold Market Fixing Ltd, the company operating the century-old global price benchmark known as the "fix", said it is seeking a third party to take over administration of the process, possibly signalling a move to an electronic platform.

  • LONDON, July 16- A statement on reforming the century-old system of benchmarking gold prices is expected imminently ahead of the implementation of new regulations governing financial benchmarks, a source familiar with the matter said on Wednesday.

  • Gold prices and other benchmarks have come under scrutiny, with banks fined $6 billion for rigging the Libor interest rate, used to price a range of financial products. Four banks-- the Bank of Nova Scotia, Barclays, HSBC, and Societe Generale-- talk twice a day to each other on the telephone to "fix" the gold price that is used as a benchmark across the world.

  • TREASURIES-Yields fall to two-week lows on dovish Fed Thursday, 19 Jun 2014 | 9:13 AM ET

    *Fed to buy $2.25 bln- $2.75 bln notes due 2021-2024. NEW YORK, June 19- U.S. "There was some hope that they would be more hawkish, but they are ignoring the uptick in inflation," said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York.

  • OTTAWA, June 13- Jeremy Rudin, an assistant deputy minister at Canada's Department of Finance, has been named head of the country's banking watchdog, Finance Minister Joe Oliver said on Friday. He played an important role in Canada's response to the global financial crisis.

  • SINGAPORE, May 28- Gold fell to a fresh 3-1/ 2 month low on Wednesday, adding to sharp overnight losses, as strong U.S. economic data blunted its investment-hedge appeal and after a drop in imports by top consumer China.

  • *China wants to have bigger say in gold pricing. SINGAPORE, May 27- China has approached foreign banks and gold producers to participate in a global gold exchange in Shanghai, people familiar with the matter said, as the world's top producer and importer of the metal seeks greater influence over pricing.

  • HONG KONG, May 26- China's yuan slipped on Monday after its central bank fixed the daily trading midpoint against the dollar at its weakest level since September in a sign that it would continue to keep a strict vigil on any speculative capital inflows.

  • *Blow for Barclays' efforts to put past sins behind it. LONDON, May 23- Barclays Plc has been fined 26 million pounds for failures in internal controls that allowed a trader to manipulate the setting of gold prices, just a day after the bank was fined for rigging Libor interest rates in 2012.. It marks another blow to Barclays' attempts to put past problems behind it.

  • UPDATE 2-Barclays fined $44 mln over gold price fix Friday, 23 May 2014 | 6:13 AM ET

    *Blow for Barclays' efforts to put past sins behind it. LONDON, May 23- Barclays Plc has been fined 26 million pounds for failures in internal controls that allowed a trader to manipulate the setting of gold prices just a day after the bank was fined for rigging Libor interest rates in 2012.. It marks another blow to Barclays' attempts to put past problems behind it.