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Financials News

RBC to cut jobs, shake up wealth management unit
RBC is expecting some job losses as it plans to exit its Caribbean operations, certain international advisory and international private banking groups in Canada and the U.S.
Posted on 11-21-2014 at 8:07 AM
Banking culture breeds dishonesty, scientific study finds
A banking culture that implicitly puts financial gain above all else fuels greed and dishonesty and makes bankers more likely to cheat, according to the findings of a scientific study.
Posted on 11-20-2014 at 7:33 AM
Long-term car loans a worrying trend for auto, financing industry
There is growing concern among senior executives in the auto and financing industry about long-term loans that some car companies are offering to entice buyers and boost sales.
Posted on 11-20-2014 at 6:31 AM
TD units agree to pay $650,000 for overcharging clients
Several subsidiaries of Toronto-Dominion Bank have agreed to pay $650,000 in sanctions and costs after admitting they overcharged at least $13.5-million worth of fees to clients stretching back as long as 14 years.
Posted on 11-13-2014 at 1:03 PM
Manulife profit gets boost from Asian markets
Manulife Financial Corp. reported increased third quarter profit Thursday, supported by investment gains and higher insurance sales in Asia
Posted on 11-13-2014 at 12:28 PM
U.S. OCC fines three banks $950M over forex misconduct
A U.S. bank regulator on Wednesday fined three top banks a total of $950 million for failing to prevent employees' misconduct in foreign exchange trading.
Posted on 11-12-2014 at 10:39 AM
Scotiabank files to raise up to $7B in shares, debt
Bank of Nova Scotia filed with U.S. regulators to offer, from time to time, common shares, preferred shares and debt worth up to $7 billion.
Posted on 11-12-2014 at 7:43 AM
Regulators fine global banks $3.4B in forex probe
Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup, on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets.
Posted on 11-12-2014 at 5:48 AM

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