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Scotiabank to take restructuring charge as banks look to trim payrolls
Bank of Nova Scotia will take an after-tax charge of about $275-million when it reports its second-quarter financial results later this month, in a move that suggests the lender is moving quickly to slash payrolls.
Posted on 5-02-2016 at 10:58 AM
Australian entrepreneur says he invented bitcoin, but did he?
Craig Wright, an Australian entrepreneur claims he was the creator of the digital currency bitcoin, but doubts surround the statement, since Wright is claiming to be a person who until now has gone by the name of Satoshi Nakamoto.
Posted on 5-02-2016 at 10:55 AM
Four ways the U.S. election may affect Canadian banks
The U.S. presidential campaign’s latest stop is New York. Banks like CIBC, TD, and RBC have a healthy presence in New York -- and it’s safe to say bank executives will be keen observers of who the state throws its support behind.
Posted on 4-19-2016 at 10:36 AM
Goldman Sachs profit slumps for fourth straight quarter
Goldman Sachs Group Inc's profit slumped for the fourth straight quarter as market volatility hit the company's bond trading and investment banking businesses.
Posted on 4-19-2016 at 7:50 AM
Morgan Stanley’s profit more than halved as trading slumps
Morgan Stanley’s quarterly profit fell by more than half as the Wall Street bank’s fixed-income trading and investment banking businesses took a hit from market volatility early in the year.
Posted on 4-18-2016 at 8:38 AM
Citigroup profit plunges 27% as trading revenue falls
Citigroup Inc's quarterly profit plunged 27 percent as its trading revenue fell and its costs related to shrinking some businesses rose.
Posted on 4-15-2016 at 8:47 AM
Bank of America profit slides 18% as trading activity weakens
Bank of America reported an 18 per cent slide in quarterly profit as concerns about a global economic slowdown and uncertainty about the pace of U.S. interest rate increases dampened bond and stock trading.
Posted on 4-14-2016 at 7:55 AM
'Living wills' for most U.S. big banks fail regulators' test
Five out of eight of the biggest U.S. banks do not have credible plans for winding down operations during a crisis without the help of public money, federal regulators said on Wednesday.
Posted on 4-13-2016 at 9:04 AM

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