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Financials News

Miles Nadal resigns from MDC Partners, to return $12.5-million
Miles Nadal, one of Canada’s most richly rewarded CEOs, has abruptly resigned from MDC Partners Inc., the Toronto-based advertising conglomerate he founded three decades ago.
Posted on 7-21-2015 at 8:43 AM
Why some Canadians' bank info is being sent to IRS
Banks started handing over the information in accordance with an agreement between the United States and Canada that came into effect last year.
Posted on 7-20-2015 at 9:39 AM
Morgan Stanley profit falls on compensation costs, tax provision
Morgan Stanley reported an 8.5 percent fall in quarterly profit, hurt by a rise in compensation costs and as the sixth-largest U.S. bank by assets set aside more money to cover taxes.
Posted on 7-20-2015 at 7:45 AM
Citi posts highest profit in 8 years as costs plunge
Citigroup Inc, the third biggest U.S. bank by assets, reported its highest quarterly profit in eight years as restructuring and cost cuts paid off and legal expenses plunged.
Posted on 7-16-2015 at 9:19 AM
Goldman Sachs profit drops on higher legal costs
Goldman Sachs Group Inc. reported second– quarter earnings that fell 49 per cent from a year earlier on higher legal costs tied to a potential settlement of mortgage– related probes.
Posted on 7-16-2015 at 9:15 AM
Canada’s big 5 banks cut prime, battling it out as lending rates fall
Canada's big banks followed the Bank of Canada’s interest rate cut, lowering their prime lending rates in a series of moves that reinforces the reluctance of lenders to follow the central bank in lockstep.
Posted on 7-15-2015 at 8:08 PM
TD pares prime rate 10 basis points after Bank of Canada cut
The cut, effective Thursday, is the second change this year to the Toronto-based bank’s prime, which influences borrowing rates from variable mortgages to credit lines.
Posted on 7-15-2015 at 10:51 AM
Scotiabank to buy Citigroup assets in Panama and Costa Rica
Bank of Nova Scotia said on Tuesday it will buy Citigroup Inc’s retail and commercial banking operations in Panama and Costa Rica, expanding its presence in Central America.
Posted on 7-14-2015 at 10:31 AM

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