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United Kingdom

Matt Scuffham

Canada's big banks tighten grip on mortgage market after rule changes

13 Dec 2018

TORONTO Canada's biggest banks are tightening their grip over the country's C$1.5 trillion ($1.1 trillion) mortgage market as new rules designed to cut out risky lending make it harder for borrowers to switch lenders, with some analysts betting on more gains for the country's biggest two banks.

Bank of Montreal warns of slowing economic growth after modest earnings beat

04 Dec 2018

TORONTO Bank of Montreal warned that economic growth would slow in its key markets of Canada and the United States next year after reporting fourth-quarter earnings which were modestly ahead of market forecasts.

Thomson Reuters to cut 3,200 jobs in next two years

04 Dec 2018

TORONTO Thomson Reuters Corp said on Tuesday that it will cut its workforce by 12 percent in the next two years, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs.

Thomson Reuters to cut 3,200 jobs in next two years

04 Dec 2018

TORONTO Thomson Reuters Corp said on Tuesday that it will cut its workforce by 12 percent in the next two years, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs.

CORRECTED-UPDATE 5-Thomson Reuters to cut 3,200 jobs in next two years

04 Dec 2018

TORONTO, Dec 4 Thomson Reuters Corp said on Tuesday that it will cut its workforce by 12 percent in the next two years, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs.

Thomson Reuters to cut 3,200 jobs in next two years

04 Dec 2018

TORONTO Thomson Reuters Corp said on Tuesday that it will cut its workforce by 12 percent in the next two years, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs.

Economic, trade uncertainty clouds outlook for Canadian banks

29 Nov 2018

TORONTO Toronto-Dominion Bank and Canadian Imperial Bank of Commerce , two of Canada's biggest lenders, said on Wednesday that global economic uncertainty and trade tensions could hurt their performances next year.

Royal Bank of Canada eyes further margin gains in 2019

28 Nov 2018

TORONTO Royal Bank of Canada said it anticipated margins will continue to improve next year after reporting a forecast-beating 17 percent jump in fourth-quarter earnings on Wednesday.

Scotiabank optimistic of beating growth targets in 2019

27 Nov 2018

TORONTO Bank of Nova Scotia is optimistic of beating its growth targets next year, Chief Executive Brian Porter said after the bank posted fourth-quarter results which were marginally below forecasts on Tuesday.

PREVIEW-RPT-Canadian banks' deposit battle adds to funding cost pressures

26 Nov 2018

TORONTO, Nov 26 Competition for deposits among Canada's biggest banks is heating up for the first time since the global financial crisis, leading to higher funding costs that could crimp profit growth in their domestic businesses over the next two years, analysts say.

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