Royal Bank of Canada’s quarterly profit of $3.9-billion was up 20 per cent year over year but down from the third quarterMark Blinch/Reuters Two major Canadian banks have reported higher fourth-quarter profits and large dividend hikes but still failed to meet Bay Street’s expectations, as narrowing profit margins and lower …
Read More »Canada’s annual inflation rate hits 4.4 per cent in September, highest since 2003
A woman fills her vehicle with fuel, in Toronto, on Oct. 19. Evan Buhler/The Canadian Press Canadian inflation surged in September at the fastest pace since 2003 due to higher gas and housing costs, adding fuel to a boisterous debate over how long prices will rise rapidly. The consumer price …
Read More »Tide appoints Sir Donald Brydon as non-executive chairman
Tide, the UK’s leading business banking platform has today1 announced the appointment of Sir Donald Brydon as its new independent Non-Executive Chair. Sir Donald Brydon is Tide’s first independent chair. He brings significant Board experience, including the Chairmanships of leading listed companies such as the Sage Group, the …
Read More »Royal Bank cuts ties with embattled WE Charity
Craig Kielburger, left, and his brother Marc speak at a WE Day event at the Air Canada Centre, in Toronto, on Sept. 28, 2017. Fred Lum/the Globe and Mail Royal Bank of Canada has decided to cut all its ties to WE Charity less than a week after announcing a …
Read More »TBC Bank deputy CEO, CFO Shagidze to leave
TBC Bank said on Tuesday that deputy chief executive officer and chief financial officer Giorgi Shagidze plans to leave at the end of the year “to explore other opportunities in a different field and/or geography”. The bank, which will begin a search for a replacement, said Shagidze will stay on …
Read More »Deutsche Bank job cuts slowed by coronavirus
Royal Mail axing 2,000 management jobs Around 2,000 management jobs are being axed at Royal Mail as it looks to slash costs in the face of the coronavirus crisis.The group said the job cuts come as part of a management overhaul under plans.. Credit: PA – Press Association STUDIO …
Read More »RBC confirms Mississauga employee tests positive for coronavirus
Canada’s largest bank has confirmed an employee has tested positive for the coronavirus in its Mississauga office complex and has placed a quarantine on all employees working on the same floor as the individual. On Monday, Royal Bank of Canada internally confirmed that an RBC employee – who had been …
Read More »FTSE 250 movers: Metro Bank chugs higher, Kainos falls
London’s FTSE 250 was down 0.82% at 19,624.51 in afternoon trading on Wednesday, with Metro Bank leading the index higher. Aston Martin Lagonda also racked up solid gains, following other luxury goods stocks higher on investor optimism that a breakthrough in Hong Kong will ensure continued demand from Chinese consumers. …
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