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.
WASHINGTON— A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.
Rising home values and low interest rates are a powerful combination for homeowners looking for more financial breathing room. Available credit extended via HELOCs to U.S. homeowners jumped 27 percent to $120 billion in the 12 months ended June 30, according to Experian Decision Analytics data.
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 29- A U.S. federal appeals court has upheld a $67 million jury verdict against TD Bank, part of Canada's Toronto-Dominion Bank, for helping convicted former lawyer Scott Rothstein run a Florida Ponzi scheme that cost investors more than $1 billion.
NEW YORK, July 29- A federal appeals court has upheld a $67 million jury verdict against TD Bank, part of Canada's Toronto-Dominion Bank, for helping convicted former lawyer Scott Rothstein run a Florida Ponzi scheme that cost investors more than $1 billion.
TORONTO, June 16- Sales of existing homes in Canada jumped in May from April driven by a sharp increase in listings and a deferred start to the spring buying season after a long winter, the Canadian Real Estate Association said on Monday. Actual sales for May, not seasonally adjusted, were up 4.8 percent from May 2013.
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.
*B2Gold drops after plan to acquire Australia's Papillon. TORONTO, June 3- Canada's benchmark stock index rose for a third straight session on Tuesday, driven by gains in the share prices of energy producers and financial companies, as positive economic data from China boosted sentiment.
TORONTO, May 22- Royal Bank of Canada and Toronto-Dominion Bank topped second-quarter estimates on the back of low loan-loss provisions and stronger retail lending and wealth management income, spurring shares of Canada's top two banks to all-time highs on Thursday.
TORONTO, May 22- Toronto-Dominion Bank said on Thursday that its quarterly profit rose 16 percent as recent credit card and wealth management acquisitions boosted Canadian and U.S. retail lending.
TORONTO, May 22- Toronto-Dominion Bank said on Thursday that its quarterly profit rose 16 percent on the back of strong Canadian and U.S. retail lending. Canada's second-largest bank earned C $1.99 billion, or C $1.04 a share, in the second quarter ended April 30, compared with C $1.72 billion, or 89 Canadian cents a share, a year earlier.
NEW YORK, April 23- The U.S. Securities and Exchange Commission on Wednesday won an asset freeze against a former Banco Santander SA executive it accused of insider trading ahead of a proposed 2010 takeover of Potash Corp of Saskatchewan Inc..
Fed objects to capital plans of RBS, HSBC, Santander. The U.S. central bank started scrutinising foreign banks' emergency plans only this year but its tough verdict on RBS, HSBC and Santander- three of Europe's largest banks- as well as U.S. giant Citigroup throws down a gauntlet to the European Central Bank as it readies its own bank stress tests this year.
"I just named Joe Oliver Canada's new finance minister," Conservative Prime Minister Stephen Harper wrote on his official Twitter.
OTTAWA, March 19- Joe Oliver, Canada's former energy minister and champion of the controversial Keystone XL pipeline, was appointed the country's new finance minister on Wednesday, signaling a stay-the-course approach to fiscal and economic policy.
TORONTO, March 13- Toronto-Dominion Bank hopes to expand its U.S. wealth management business, targeting a million people with at least $100,000 in liquid assets who already are customers of its growing U.S. retail bank, said a senior executive of Canada's second-largest lender.
Volatile trading in stocks and bonds could continue as investors sort out what's going on with the Fed and whether markets have come to some sort of inflection point.
Check out which companies are making headlines after the bell Wednesday: