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Financials News

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CIBC, buyout firms circle Russell Investments: Reuters

Canadian Imperial Bank of Commerce, the fifth largest bank in Canada, and two private equity consortia are exploring offers for global asset manager Russell Investments, according to...

Posted on 4-23-2014 at 10:11 AM
TD ousts CIBC as Canada’s top credit-card issuer

TD ousts CIBC as Canada’s top credit-card issuer

Toronto-Dominion Bank, which has bought about $17 billion of credit-card assets since 2011, displaced Canadian Imperial Bank of Commerce as the country's top issuer, according to the Nilson...

Posted on 4-17-2014 at 11:56 AM
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Goldman Sachs profit falls 11% but beats estimates

Goldman Sachs Group Inc. reported an 11-percent drop in first-quarter profit on Thursday as client activity remained constrained and fixed-income revenue shrank.

Posted on 4-17-2014 at 8:51 AM
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Morgan Stanley beats estimates as trading revenue improves

Morgan Stanley reported a 49-percent rise in first-quarter earnings on Thursday, helped by higher income from wealth management and institutional securities.

Posted on 4-17-2014 at 7:19 AM
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Litigation expenses push Bank of America into loss

Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion US in litigation expenses related to a settlement with the Federal Housing Finance Agency and...

Posted on 4-16-2014 at 7:56 AM
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Citigroup profit rises on smaller loss from troubled assets

Citigroup Inc.'s quarterly net profit rose 4 percent as a smaller loss on its troubled assets made up for a drop in revenue and profit from its core trading and lending businesses.

Posted on 4-14-2014 at 9:13 AM
Wells Fargo profit beats estimates, sets aside less for bad loans

Wells Fargo profit beats estimates, sets aside less for bad loans

Wells Fargo & Co, the biggest U.S. mortgage lender, reported a better-than-expected 14-percent rise in first-quarter net profit as it set aside less money to cover bad loans.

Posted on 4-11-2014 at 9:18 AM
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JPMorgan profit plummets

JPMorgan Chase & Co reported a far weaker-than-expected quarterly profit as revenue from securities trading fell in a climate of uncertainty about the strength of the economic recovery...

Posted on 4-11-2014 at 7:53 AM

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