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Financials News

Economic concerns push Barclays to downgrade some major Canadian banks
Weaker economic growth will lead to underperforming Canadian bank shares according to Barclays
Posted on 1-30-2015 at 1:09 PM
CIBC cuts jobs to boost operating efficiency
CIBC still plans to add more jobs than it eliminates in 2015, and expects to hire more than 5,000 employees in the next year, according to the statement. The firm had almost 44,500 employees at year-end.
Posted on 1-29-2015 at 6:48 PM
Banks to increase base salaries by under three percent in 2015: survey
Global banks expect to increase base salaries by less than 3 percent this year and most are not planning to overhaul their pay structure in the face of tougher European Union rules on bonuses, a survey reported on Thursday.
Posted on 1-29-2015 at 7:43 AM
CIBC interested in buying Russell Investments: Report
Sources have told Reuters at least three interested buyers, including the Canadian Imperial Bank of Commerce, have had informal conversations with the London Stock Exchange Group PLC about buying Russell Investments.
Posted on 1-28-2015 at 2:21 PM
Banks’ prime-rate cut falls short of BoC in a bid to protect profits
Traditionally, bank prime rates move in lockstep with the central bank, but one bank said it now factors in other variables.
Posted on 1-28-2015 at 9:09 AM
Banks could slash mortgage rates to 2.5 percent by March: Analyst
Shots fired. The war is on.
Posted on 1-28-2015 at 8:41 PM
RBC, BMO and TD Bank cut prime to 2.85% from 3%
Canada’s major banks are heading into a renewed mortgage price war in the wake of the Bank of Canada’s surprise decision to cut interest rates.
Posted on 1-27-2015 at 4:24 PM
RBC first to cut mortgage rates as bond yields plunge
Royal Bank of Canada is the first major lender to lower mortgage rates after five-year bond yields fell in the wake of a surprise cut by the Bank of Canada last week, according to rate-monitoring websites.
Posted on 1-26-2015 at 2:14 PM

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