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Matt Scuffham

Wall Street banks eye technology to combat bond trading weakness

4:02pm BST

After another lacklustre quarter for bond trading, most Wall Street banks are moving faster to adopt new technology to improve results, but analysts say the winners of the race must grow market share to combat shrinking margins.

Goldman Sachs will slow consumer loan growth if market falters

16 Oct 2018

Goldman Sachs will limit loan growth in one of its new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon's task of boosting revenue by $5 billion by 2020.

Equity trading strength boosts profits at Morgan Stanley, Goldman

16 Oct 2018

Wall Street's top investment banks reported better-than-expected quarterly profits on Tuesday, helped by strength in stock trading and equity underwriting, wrapping up what has been a strong quarter for the big U.S. banks. | Video

RPT-Manulife faces backlash from investors over failure to disclose court case

15 Oct 2018

TORONTO, Oct 12 Canada's biggest life insurer is under pressure from shareholders to explain why it failed to disclose details of an ongoing court case which came to light after a short-seller released a report detailing the litigation.

Manulife faces backlash from investors over failure to disclose court case

12 Oct 2018

TORONTO Canada's biggest life insurer is under pressure from shareholders to explain why it failed to disclose details of an ongoing court case which came to light after a short-seller released a report detailing the litigation.

Manulife faces backlash from investors over failure to disclose court case

12 Oct 2018

TORONTO, Oct 12 Canada's biggest life insurer is under pressure from shareholders to explain why it failed to disclose details of an ongoing court case which came to light after a short-seller released a report detailing the litigation.

Thomson Reuters closes deal with Blackstone

01 Oct 2018

TORONTO Thomson Reuters Corp said on Monday it had completed the sale of a majority stake in its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP .

Laurentian Bank earnings miss forecasts on restructuring costs, margins

04 Sep 2018

TORONTO Laurentian Bank of Canada's third-quarter earnings missed market expectations, hurt by costs related to restructuring, lower margins and a fall in residential mortgage sales, sending its shares to the lowest level since January 2016.

Canada's CIBC under pressure to diversify as mortgage rules bite

30 Aug 2018

TORONTO, Aug 30 Canadian Imperial Bank of Commerce saw a bigger impact than rivals from tougher new mortgage lending rules, third-quarter results from the country's biggest banks showed, increasing pressure on CIBC to ramp up U.S. expansion.

TD Bank profit tops view but shares dip as peers do better

30 Aug 2018

TORONTO Toronto-Dominion Bank reported third-quarter profit which topped expectations, helped by a sharp rise in earnings from the United States, but analysts said its performance was less impressive than rival Canadian lenders.

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