Top Bank of Canada officials speak after rate decision
TORONTO Below are some key quotes from a news conference by the Bank of Canada Governor Tiff Macklem
2023-10-25 23:58
Bank of Canada holds interest rate at 5%, sees weak growth and stubborn inflation
TORONTO The Bank of Canada on Wednesday held its key overnight rate at 5.0% as expected and forecast
2023-10-25 22:55
Sam Bankman-Fried will testify at criminal trial, lawyer says
NEW YORK FTX cryptocurrency exchange founder Sam Bankman-Fried plans to testify in his own defense at his criminal
2023-10-25 22:45
Bank of Canada cut 2023 growth forecast, sees persistently high inflation
OTTAWA, Oct 25 The Bank of Canada on Wednesday cut its 2023 growth forecast to 1.2% from the
2023-10-25 22:25
Deutsche Bank shares surge as it promises more cash for investors
Shares in Deutsche Bank surged nearly 7% Wednesday after it said strong earnings meant it could pay out more cash to shareholders over the next two years than previously anticipated.
2023-10-25 19:19
Bank of Canada seen leaving rates on hold amid economic slowdown
By Steve Scherer OTTAWA The Bank of Canada is widely expected to leave its key overnight rate on
2023-10-25 18:16
Deutsche Bank Q3 net profit down 8%, but better than expected
FRANKFURT (Reuters) -Deutsche Bank posted an 8% drop in third-quarter profit, not as steep as analysts had expected, as revenue
2023-10-25 13:15
Genesis says NY AG lawsuit may force "no deal" bankruptcy liquidation
By Dietrich Knauth NEW YORK Crypto lender Genesis Global said on Tuesday a New York civil fraud lawsuit
2023-10-25 06:53
Big banks had a strong Q3. What about regional banks?
Months after the collapse of regional banks like Signature Bank, First Republic Bank and Silicon Valley Bank, as well as fears of a credit crisis, the regional banking sector may not be out of the woods quite yet.
2023-10-25 03:54
London's bankers can make unlimited bonuses again as UK axes cap
The UK has abandoned a cap on bankers' bonuses, in its latest push to boost the competitiveness of London's financial industry following Brexit.
2023-10-25 00:23
Another massive autoworkers strike expansion: 5,000 UAW workers walk off at GM's biggest plant
The United Auto Workers union announced a surprise targeted strike against General Motors' Arlington Assembly plant in Texas on Tuesday morning. 5,000 members walked off the job, joining the now 45,000 UAW members on the picket lines. This expanded strike impacts GM's Chevy Tahoe, Chevy Suburban, GMC Yukon and Cadillac Escalade.
2023-10-24 22:59
World Bank's Banga says geopolitics pose 'serious' risk to world economy
By Jorgelina do Rosario LONDON World Bank President Ajay Banga said on Tuesday that geopolitic tensions pose the
2023-10-24 15:56