TD Bank Group reported a fall in its fourth-quarter profit on Thursday, as Canada’s second-largest lender set aside more rainy-day funds to cover for potential sour loans.
Two of Canada’s big six banks beat expectations for quarterly earnings on Thursday, as Royal Bank of Canada benefited from a rebound in dealmaking and Canadian Imperial Bank of Commerce made smaller-than-expected loan provisions.
Trading app operator Robinhood Markets Inc. said on Thursday it would roll out brokerage services in Britain, as part of an international expansion plan aimed to “democratise finance” and increase access to markets.
Italy’s competition authority on Thursday said it had told the country’s biggest bank Intesa Sanpaolo to halt the proposed transfer of 2.4 million customers to its new mobile-only service Isybank.
BNP Paribas plans to make at least a dozen hires in its equities business in Asia next year and will end a research outsourcing pact with Morningstar , two sources with knowledge of the matter said, in a revamp to boost market share.
Jeff Ubben, one of Wall Street’s most prominent activist investors, is shutting down Inclusive Capital Partners three years after starting the firm designed to focus on social investing.
The biggest U.S. ETF tracking clean energy shares was on track for record annual outflows as a rapid rise in interest rates, surging raw materials costs and supply chain disruptions make the fund less attractive to investors.
State Street’s asset-management arm will give retail investors an option to fully back corporate boards as it brings online features to allow fund shareholders to control their proxy voting rights, executives said.
First International Bank of Israel (FIBI) reported a dip in third-quarter net profit, hurt by a quadrupling of its provisions to protect against future loan defaults due to economic uncertainty during Israel’s war with Hamas militants.
Nomura Holdings said on Wednesday it would reduce risk weighted assets by up to 6% and make additional cost cuts in its wholesale business as the top Japanese investment bank scrambles to shore up its struggling division.
