Fifty percent of small businesses didn't receive any financing they applied for in the first half of 2014, according to a survey.» Read More
TORONTO, May 28- Royal Bank of Canada, the country's top lender, posted a better-than-expected quarterly profit on Thursday, helped by strength in its domestic banking and capital markets divisions. RBC has been expanding its U.S. wealth management business and launched a $5.4 billion bid in January for Los Angeles- based City National Corp. City National said...
TORONTO, May 28- Toronto Dominion Bank posted a quarterly profit that beat market expectations on Thursday, driven by strong growth in its Canadian retail and wholesale businesses. The results follow bullish quarterly numbers from Royal Bank of Canada, Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank of Canada, which reported...
TORONTO, May 28- Toronto Dominion Bank posted a quarterly profit that topped market expectations on Thursday, driven by solid growth in its Canadian retail business. Net income was $1.86 billion, or 97 Canadian cents a share, for the second quarter ended April 30, compared with C $1.99 billion, or C $1.04 a share, a year ago. Excluding special items, earnings rose to C...
OTTAWA, May 27- The Bank of Canada held its key interest rate at 0.75 percent on Wednesday, largely shrugging off a weak U.S. economy in the first quarter, and said solid U.S. growth this quarter should help Canadian exports and business investment. The market had widely expected bank Governor Stephen Poloz to keep the benchmark rate steady, but some analysts had...
TORONTO, May 26- Toronto Dominion Bank said on Tuesday it will acquire Nordstrom's U.S. consumer credit card portfolio as the Canadian bank looks to use its strong balance sheet to expand its lending business in the United States. But under the terms, Nordstrom will receive a large slice of net revenue generated by the credit card accounts. Nordstrom's U.S. credit...
April 17- Apple Inc is planning to launch its electronic payments service in Canada in November, the first international expansion of Apple Pay, the Wall Street Journal reported, citing people familiar with the matter. The iPhone maker is in talks with Canada's six biggest banks, Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal,...
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:
Stocks were higher across the board in thin trading Friday, with major averages struggling to close higher for the week, but gains were limited as investors hesitated to jump in amid a lack of strong catalysts to further fuel the recent rally.
Barclays was forced to name former heads Bob Diamond and John Varley, finance director Chris Lucas and other top executives and traders linked to a global rate-fixing probe, despite their calls for anonymity.
Wal-Mart said it is selling the 16 GB Apple iPhone 5 for $127, versus an original price of $189.97. However, a Wal-Mart spokeswoman said on Friday that the discounts were arranged with Apple.
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.
*Deal positions RBC as a leading auto lender in Canada. TORONTO, Oct 23- Royal Bank of Canada has agreed to buy the Canadian auto finance and deposit arm of Ally Financial Inc in a $4.1 billion deal to expand its vehicle-lending business at a time when loan growth overall is slowing in the country.
NEW YORK-- Target Corp. on Tuesday said it reached a deal to sell its entire consumer credit card business to TD Bank Group, ending an almost two-year search for a buyer. The two companies also entered into a seven-year pact under which TD Bank will underwrite, fund and own future Target credit card and Target Visa receivables in the U.S.
Ally Financial and Royal Bank of Canada are closing in on a deal that would value Ally Canada at more than $4 billion, according to people familiar with the matter.
Shares of JPMorgan Chase and Wells Fargo& Co. both fell after they released their results, even though JPMorgan posted record profits, prompting Canadian financials to follow suit, dropping 0.2 percent. Bank of Nova Scotia was down 0.3 percent at C $53.31, and Toronto-Dominion Bank was 0.2 percent lower at C $80.85.
TOKYO, Oct 12- Japanese wireless service provider Softbank Corp is in talks with three major Japanese banks to borrow $23 billion to finance a bid for U.S. operator Sprint Nextel Corp, sources with direct knowledge of the matter told Reuters on Friday.
TOKYO, Oct 12- Softbank Corp chief Masayoshi Son told reporters last week he decided to buy a smaller rival for $1.84 billion on an impulse- small change for someone who Forbes estimates lost $18 billion in the dotcom bust, but an unusual move in staid Japan.
*Softbank shares down as much as 17 pct in Tokyo* Softbank and Sprint have confirmed in talks* Broker warns of "unacceptable" gearing levels.