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Financials News

Canada's DH Corp to buy payment services firm Fundtech for $1.25B
The purchase is expected to expand DH's reach among global financial institutions and large U.S. banks, the company said.
Posted on 3-30-2015 at 4:48 PM
RBC’s Bahama unit caught up in allegations involving billionaire art dealer
Royal Bank of Canada’s wealth-management subsidiary in the Bahamas is caught up in tax fraud and money-laundering allegations involving billionaire international art dealer Guy Wildenstein.
Posted on 3-30-2015 at 12:20 PM
BMO broadens bank machine footprint with Shell Canada deal
BMO will begin rolling out the ATMs at Shell locations this spring, with completion planned for early summer.
Posted on 3-27-2015 at 8:02 AM
Cliffs Natural sued by Scotiabank for breach of debt terms
Iron ore miner Cliffs Natural Resources has been sued by Bank of Nova Scotia for about $52.6 million for breaching some debt terms related to its Bloom Lake mine in Quebec.
Posted on 3-19-2015 at 10:57 AM
Battle of the bank rates kicks off heated spring housing market
Fierce competition among banks and home buyers is driving mortgage rates down and home prices up, signalling the start of a spring housing market that many observers expect will be particularly heated this year.
Posted on 3-18-2015 at 8:29 AM
Citigroup has cleanest stress-test pass of top Wall Street banks
Citigroup plans to return capital to shareholders got the cleanest approval from the Federal Reserve among top Wall Street banks, one year after the firm failed the regulator’s annual stress tests.
Posted on 3-11-2015 at 5:00 PM
RBC’s David McKay gets $7.56 million for first year as CEO
Royal Bank of Canada, the nation’s largest lender by assets, paid David McKay $7.56 million for fiscal 2014, his first year as CEO.
Posted on 3-10-2015 at 12:18 PM
Canadian banks trade at cheapest levels in 6 years, more profitable than U.S. counterparts
Canadian banks, ranked the world’s soundest for seven straight years by the Geneva-based World Economic Forum, are outperforming U.S. rivals even as plunging oil prices hamper economic growth.
Posted on 3-05-2015 at 10:48 AM

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