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Financials News

RBC opts against spinning off U.S. proprietary trading unit

RBC opts against spinning off U.S. proprietary trading unit

Royal Bank of Canada decided against spinning off its U.S. proprietary trading business into a hedge fund, according to an e-mailed statement from the Toronto-based lender.

Posted on 10-01-2014 at 4:22 PM
New banking watchdog has no plans to rock boat, at least not yet

New banking watchdog has no plans to rock boat, at least not yet

In his first major speech since becoming Canada’s banking watchdog, Superintendent Jeremy Rudin largely stuck to the script, reiterating the regulator’s long-standing commitment to curb...

Posted on 9-30-2014 at 3:56 PM

Pimco Picks Ivascyn as Chief Investment Officer as Gross departs

Pacific Investment Management Co. named Daniel Ivascyn group chief investment officer of the $1.97 trillion bond firm after Bill Gross left to join Janus Capital Group Inc.

Posted on 9-26-2014 at 7:06 PM
JPMorgan tops investment bank league table in first half

JPMorgan tops investment bank league table in first half

JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue and ranking first for both its fixed income and deals advisory businesses,...

Posted on 9-25-2014 at 8:49 AM

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