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Financials News

Yuan trading hub accord sets Canadian banks racing for advantage
Here are the banks that stand to benefit from Canada’s designation as the latest nation to host a trading hub for China’s currency.
Posted on 11-10-2014 at 7:21 AM
OSC, TD units reach deal on overcharging client accounts
Staff of the Ontario Securities Commission have negotiated a settlement agreement with several divisions of Toronto-Dominion Bank after they revealed they overcharged fees to clients on certain accounts between 2000 and 2014.
Posted on 11-07-2014 at 3:50 PM
JPMorgan to cut 3,000 more jobs in retail bank unit
JPMorgan Chase & Co., the largest U.S. bank by assets, said it would cut 3,000 more jobs than previously expected in its retail banking division.
Posted on 11-07-2014 at 11:49 AM
Ottawa, Beijing strike deal on yuan trading hub
Ottawa and Beijing have struck a deal that would see this country designated as a trading hub for ‎China’s renminbi currency a benefit that will lower the cost of doing business for Canadian companies seeking Chinese markets.
Posted on 11-04-2014 at 11:53 AM
Visa, MasterCard to cut credit card interchange fees in Canada
Visa Inc., the world’s largest debit and credit card company, said it will cut average interchange fees in Canada to 1.50 percent on consumer credit cards.
Posted on 11-04-2014 at 8:33 AM
Scotiabank to cut 1,500 jobs, close about 120 branches amid writedown
Exactly one year after he took over, Brian Porter is shaking up Bank of Nova Scotia.
Posted on 11-04-2014 at 6:55 AM
Ontario credit unions seek to boost awareness with high-profile campaign
Posted on 11-03-2014 at 7:39 AM
Japan's central bank shocks markets with more easing as inflation slows
The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April.
Posted on 10-31-2014 at 6:51 AM

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