Latest Financial services News
Bank of Montreal: Fiscal Q4 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Bank Of Montreal (BMO) on Friday reported fiscal fourth-quarter profit of $1.19 billion. The bank, based in Toronto, said it had earnings of $1.52 per share. Earnings, adjusted for non-recurring costs, were $2.07 per share. The results...
UK government intervenes in potential takeover of Telegraph newspaper by Abu Dhabi-backed fund
LONDON (AP) — Britain's government said Thursday it has asked media and market competition officials to investigate whether a potential Abu Dhabi-backed takeover of The Telegraph newspaper would impact press freedoms. Culture Secretary Lucy Frazer said she issued a “public...
Royal Bank: Fiscal Q4 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Royal Bank Of Canada (RY) on Thursday reported fiscal fourth-quarter profit of $3.04 billion. The bank, based in Toronto, said it had earnings of $2.14 per share. Earnings, adjusted for non-recurring gains, were $2.05 per share. The...
Canadian Imperial Bank: Fiscal Q4 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Canadian Imperial Bank of Commerce (CM) on Thursday reported fiscal fourth-quarter profit of $1.09 billion. The bank, based in Toronto, said it had earnings of $1.13 per share. Earnings, adjusted for non-recurring costs, were $1.16 per share. ...
Deutsche Bank was keen to land a 'whale' of a client in Trump, documents at his fraud trial show
NEW YORK (AP) — Deutsche Bank viewed Donald Trump as a “whale” of a client, was eager to land him and eagerly cultivated a relationship that grew from $13,000 worth of revenue to $6 million in two years, according to documents presented Wednesday at the former president's civil fraud trial. ...
Argentina's libertarian president-elect picks a former Central Bank chief as his economy minister
BUENOS AIRES, Argentina (AP) — Argentina’s president-elect, Javier Milei, announced Wednesday he has chosen Luis Caputo, a former finance minister and Central Bank chief known as an expert in markets, to lead the Economy Ministry when the right-wing leader takes office on Dec. 10. ...
Charlie Munger, who helped Warren Buffett build investment powerhouse Berkshire Hathaway, dies at 99
OMAHA, Neb. (AP) — Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a California hospital. He was 99. Berkshire Hathaway said in a statement that Munger’s family told the company that he died Tuesday morning at the...
Bank of Nova Scotia: Fiscal Q4 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Bank of Nova Scotia (BNS) on Tuesday reported fiscal fourth-quarter earnings of $997 million. The bank, based in Toronto, said it had earnings of 75 cents per share. Earnings, adjusted for non-recurring costs, were 93 cents per share. ...
Cerence, Roivant Sciences fall; Xenon Pharmaceuticals, Shopify rise, Monday, 11/27/2023
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: Crown Castle Inc., up $3.57 to $107.15. Investment firm Elliott Management is seeking management and board changes at the real estate investment trust. Cerence Inc.,...
Beijing police investigate major Chinese shadow bank Zhongzhi after it says it's insolvent
HONG KONG (AP) — Police are investigating suspected crimes of a Chinese wealth company owned by Zhongzhi Enterprise Group, according to the Beijing Public Security Bureau, days after the firm told investors it was insolvent. In a statement published on the social media platform...
