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Bank of Montreal to cut 4% of workforce, memo says
Bank of Montreal, Canada's fourth biggest bank, will cut 4 per cent of its total workforce as part of cost cutting measures, according to a memo to staff by Chief Executive Bill Downe seen by Reuters on Wednesday.
Posted on 5-25-2016 at 11:49 AM
Citigroup to pay US$425M over attempted benchmark manipulation
Citigroup (C.N) and its affiliates have agreed to pay a collective US$425 million to resolve civil charges the bank attempted to manipulate several key benchmarks, the Commodity Futures Trading Commission said.
Posted on 5-25-2016 at 9:45 AM
BMO raises payout while setting aside more cash for sour loans
The Bank of Montreal has kick-started bank earnings season with an in-line profit and richer dividend. But it's not immune to fallout from the energy sector downturn.
Posted on 5-25-2016 at 9:48 AM
LendingClub targeted in shareholder lawsuit
LendingClub Corp has been hit with the first of what could be many federal lawsuits by shareholders who say the online lender, which forced out its chief executive last week, inflated its share price by concealing its inability to monitor its operations.
Posted on 5-17-2016 at 10:30 AM
Power Financial profit slashed after weak earnings, investment writedown
Power Financial saw its first-quarter profit cut by more than half largely due to a writedown of one of its investments combined with weaker earnings from its two main subsidiaries.
Posted on 5-12-2016 at 11:30 AM
Sun Life CEO: We don't need to make acquisitions to drive growth
Sun Life Financial's CEO Dean Connor told reporters after the bank's general meeting that the company doesn't need to make acquisitions to drive future growth, and will focus on developing existing businesses.
Posted on 5-11-2016 at 1:40 PM
Sun Life net income beats expectations
Sun Life's reported a Q1 13 percent increase in underlying net income in the first quarter, exceeding estimates, gaining ground off strong growth in Canada and the U.S.
Posted on 5-10-2016 at 7:39 PM
TMX Q1 profit rises in spite of oil volatility
While volatility in oil prices had investors worried this quarter, Canada’s top market operator saw net income grow.
Posted on 5-10-2016 at 12:14 PM

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