Five banks involved in setting the London benchmark gold price have been accused in a lawsuit of price manipulation.» Read More
*Highest earner is investment bank chief Andrea Orcel. ZURICH, March 14- UBS hiked Chief Executive Sergio Ermotti's pay by more than a fifth in 2013, when the Swiss bank added probes into its metals trading and foreign exchange businesses to a long list of legal troubles.
*Societe Generale says lawsuit's claims unsubstantiated. In the filing with the U.S. District Court in Manhattan dated March 3, New York resident Kevin Maher, who says he bought and sold gold and gold futures and options, alleged the banks overseeing the benchmark- Societe Generale, Deutsche Bank, Barclays, Bank of Nova Scotia and HSBC- colluded to manipulate it.
*Canada's third-largest lender caps off strong bank earnings period. TORONTO, March 4- Bank of Nova Scotia capped off Canada's bank earnings period with a higher quarterly profit and a dividend increase on the back of strong domestic lending volumes and wealth management income, but its international retail operations posted softer results.
Scotiabank's net income was C $1.71 billion, or C $1.32 a share, in the first quarter ended Jan. 31, compared with C $1.61 billion, or C $1.24 a share, a year earlier. Income at Scotiabank's international banking division, which covers much of Latin America and parts of Asia, slipped 2 percent to C $401 million.
TORONTO, March 4- Bank of Nova Scotia said on Tuesday that its quarterly profit rose 6 percent on higher domestic lending and wealth management income, and it raised its quarterly dividend.
TORONTO, Feb 27- Toronto-Dominion Bank and Canadian Imperial Bank of Commerce both posted better-than-expected quarterly profits and raised their dividends on Thursday, benefiting from recent acquisitions and strong wholesale banking income.
TORONTO, Feb 27- Toronto-Dominion Bank said on Thursday its first-quarter profit rose 15 percent on the back of stronger wholesale banking and U.S. retail banking income, and the lender boosted its dividend by a robust 9 percent.
SAO PAULO/ SANTIAGO, Jan 29- Brazil's Itaú Unibanco Holding SA, Latin America's largest bank by market value, took a key step in its overseas expansion plan on Wednesday with a deal to take control of Chilean lender CorpBanca SA.
SAO PAULO/ SANTIAGO, Jan 28- Itaú Unibanco Holding SA, Latin American's largest bank by market value, and Chilean lender CorpBanca SA could announce a partnership as early as Wednesday, sources with direct knowledge of the situation told Reuters.
*Fed buys $1.39 bln bonds due 2038-23. NEW YORK, Jan 14- U.S. Charles Plosser, president of the Philadelphia Fed, and Dallas Fed chief Richard Fisher, who spoke separately on Tuesday, are both considered policy hawks.
NEW YORK, Jan 14- U.S.
*Fed to buy $1 bln- $1.5 bln bonds due 2036-2043. NEW YORK, Jan 14- U.S. "The data's better than expected, even though you had downward revisions in the last month," said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York.
CALGARY, Alberta, Dec 19- As Wall Street's giants pull back from the energy business, Canadian banks are stepping forward, aided by booming domestic oil production and a reputation for prudence.
TORONTO, Dec 12- Bank of Nova Scotia's new chief executive, Brian Porter, said the lender will not follow the lead of competitors that have sought to expand their retail banks through U.S. acquisitions, but will instead push to grow within its current Canadian, Latin American and Asian footprint. "Are we going to make a acquisition on the retail side?
*Fed buys $5.13 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. The market priced in most of a worse-case scenario heading into the number, "said Aaron Kohli, an interest rate strategist at BNP Paribas in New York.
*Fourth-quarter adjusted profit C $1.31 vs est C $1.32. TORONTO, Dec 6- Bank of Nova Scotia reported a 12 percent rise in quarterly profit due to its acquisition last year of online bank ING Direct, but results were marred by a sluggish performance at its international unit.
*Fed buys $5.13 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. The market priced in most of a worse case scenario heading into the number, "said Aaron Kohli, an interest rate strategist at BNP Paribas in New York.
*Fed to buy $4.25 billion to $5.25 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. "The market reacted pretty violently to the report and I think a lot of people got caught in the hole," said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York.
TORONTO, Dec 5- Royal Bank of Canada Chief Executive Gordon Nixon will step down next summer after 13 years at the helm of Canada's largest bank, handing the reins to the RBC's retail banking head, Dave McKay, the bank said on Thursday. Nixon is the longest-serving of Canada's current crop of bank CEOs, but at 56, by no means the oldest.
*CEO Nixon to be replaced by executive Dave McKay. TORONTO, Dec 5- Royal Bank of Canada Chief Executive Gordon Nixon will step down next summer after 13 years at the helm of Canada's largest bank, RBC said on Thursday as it announced a stronger-than-expected quarterly profit.