Toronto-Dominion Bank and Royal Bank of Canada posted second-quarter results that beat analysts’ estimates as gains from consumer banking and wealth management lifted earnings.
After snaring more venture capital, FutureAdvisor CEO Bo Lu talks about why online investment advisors are the future of mass-affluent investing.
NYSE Euronext CEO Duncan Niederauer will retire in August 2014, moving up the date in light of the rapid integration of InterContinentalExchange and the NYSE, according to a statement from the company.
Fat Face has scrapped plans to list its shares on the stock exchange, blaming market conditions.
Alcoa is experiencing the biggest transformation in the metals industry 'in 125 years' the chief executive tells CNBC.
Bank of America is dismantling an electronic market-making unit created last year to serve the lender’s Merrill Lynch wealth-management division, said two people with knowledge of the decision.
Barclays and Credit Suisse are among banks that have given up Singapore office space as lenders pare ambitions for growth in the Asian financial hub.
The world’s biggest bond dealers, including JPMorgan and Morgan Stanley, failed to properly report trades to the industry’s price-tracking system more than 11,000 times. JPMorgan’s penalty: About three minutes of its annual profit.
BNY Mellon has announced it has reached an agreement to sell its One Wall Street office building in lower Manhattan for $585m to a joint venture led by Macklowe Properties.
Vanguard Group CEO Bill McNabb says the idea of tagging some funds as systemically important to the financial system - like banks-will cost investors.
Wall Street firms are setting aside more cash to cover loans that have gone bad, notably in the energy sector. The pain is spreading.
Milan prosecutors accused six former and current Deutsche Bank executives, including Michele Faissola, Michele Foresti and Ivor Dunbar, of colluding with Banca Monte dei Paschi di Siena SpA to falsify its accounts, manipulate the market and obstruct the activity of authorities.
Bank of America Merrill Lynch has named Elif Bilgi Zapparoli as its new co-head of corporate and investment banking for the Asia Pacific region, according to an internal memo seen by Reuters on Thursday.