United Kingdom

Matt Scuffham

Deutsche Bank merger talks heighten uncertainty for U.S. staff

20 Mar 2019

Deutsche Bank AG's merger talks with Commerzbank AG have put its 10,000 U.S. workers on edge, three employees told Reuters, with some concerned a deal could pressure Deutsche to further shrink or even dispose of its U.S. businesses.

Canadian lenders TD, CIBC hurt by weaker capital markets

28 Feb 2019

TORONTO Toronto-Dominion Bank and Canadian Imperial Bank of Commerce, two of Canada's biggest lenders, reported first-quarter earnings on Thursday that fell short of analysts' forecasts, hurt by weakness in their capital markets businesses.

Exclusive: Canadian regulator failed to make checks on risky mortgage brokers

26 Feb 2019

TORONTO The financial services regulator in Canada's biggest province failed to make planned checks on mortgage brokers it had identified as risky because its resources were stretched, according to documents obtained by Reuters under freedom of information laws and information provided by the regulator.

Thomson Reuters posts earnings beat, hunts for acquisitions

26 Feb 2019

TORONTO Thomson Reuters reported better-than-expected earnings on Tuesday, helping push its shares to a record high, and said it is continuing to look for acquisitions to bolster its Legal and Tax & Accounting units, where demand is up in part because of U.S. tax reforms.

Royal Bank of Canada's earnings rise despite weak capital markets

22 Feb 2019

TORONTO Royal Bank of Canada on Friday said first-quarter earnings rose in line with market expectations, as growth in personal and commercial banking offset lower earnings at its capital markets division.

Huawei committed to Canadian investment despite CFO arrest: chairman

21 Feb 2019

TORONTO Huawei Chairman Liang Hua said on Thursday the company is committed to increasing investment in Canada despite the arrest of its chief financial officer by Canadian police at the request of the United States last December.

UPDATE 2-Canadian court reserves judgment on disputed Manulife policies

14 Feb 2019

TORONTO/SASKATOON, Feb 14 A court in the Canadian province of Saskatchewan on Thursday reserved its decision on whether claims by a hedge fund against insurer Manulife Financial Corp should be dismissed following a change of rules in the province.

UPDATE 1-Canada Pension Plan CEO Machin warns of lower returns

14 Feb 2019

* Fund had net assets of $368.5 billion at Dec. 31 (Recasts with comments from CEO interview)

World News

Israel, Hamas trade blows as Gaza tensions simmer

Gaza militants fired rockets into southern Israel and Israeli aircraft carried out strikes in the Hamas-ruled territory overnight Tuesday, though the level of violence appeared to abate after Palestinians said a ceasefire had been reached.