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Financial Services - Feed
Find the latest news stories from National Post on the topic Financial Services. |
 BATS to list public sharesBATS Global Markets plans to list U.S. public stocks by year end, opening the door for companies to float shares somewhere other than the Big Board or Nasdaq for the first time in years
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 CIBC shakes up senior ranksCanadian Imperial Bank of Commerce shuffled its senior ranks on Monday, announcing a slew of changes including a new chief financial officer and the exit of its head of retail markets
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 Global M&A deals rise 58%; to slow down on global crisisDeal Flow: This year is set to be a blockbuster for deals, exemplified by mega acquisitions such as T-Mobile USA or Genzyme, but turmoil in the Middle East and Japan could lead to a slowdown
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 TMX can go it alone, Clark saysEd Clark, the chief executive of Toronto-Dominion Bank, spoke out for the first time against the controversial stock exchange merger involving TMX Group Inc. on Thursday
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 Election muddies LSE-TMX deal watersAnalysis: Canada’s federal election could add a fresh element of uncertainty to the London Stock Exchange’s proposed takeover of TMX Group, a deal that was already seen as far from a sure thing
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 Blankfein reaps US$19M as cash bonuses return to GoldmanGoldman Sachs Group Inc. Chairman and Chief Executive Officer Lloyd C. Blankfein’s US$19-million compensation for 2010, almost double the prior year, ended two years in which the firm’s top executives gave up cash bonuses
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 Nasdaq, ICE make rival bid for NYSEThe offer is valued at US$42.50 per share, a premium of 19% to the price proposed by Deutsche Boerse, the companies said in a joint statement
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 Why Rick Waugh likes a strong loonieA strong loonie is good for Canada because it forces companies to be more productive and it shows what the rest of the world thinks about us, said Rick Waugh, chief executive of the Bank of Nova Scotia
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 With 90 teachers over 100 OTPP's problem is clearThe plan continues to face what chief executive Jim Leech calls 'systemic funding problems,' including some teachers whose retirement periods exceed their working years
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 Can JPMorgan repeats its Q1 performance?Analysts say a good deal of JPMorgan's ability to grow in the future will depend on growth in the global economy, which will trigger more demand for loans
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 Goldman's Blankfein to testify at Rajaratnam's trading trialLloyd Blankfein, chairman of Goldman Sachs Group Inc., will be called by U.S. prosecutors to testify as a government witness at Galleon Group LLC co-founder Raj Rajaratnam's insider-trading trial
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 Fed tells Bank of America to rein in dividend planThe Federal Reserve objected to Bank of America Corp's plans to boost dividends in the second half of 2011 and told the bank to revise its proposal, sending shares down 1.7% in premarket trading
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 More Canadian banks cut mortgage ratesMore of Canada's biggest banks slashed their residential mortgage rates Wednesday, a day after Royal Bank of Canada started the latest round of cuts
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 TMX should be 'diner' not 'dinner' in LSE deal: GMPGMP Capital Inc. CEO Harris Fricker says the London Stock Exchange Group Plc has more to gain than TMX Group Inc. in their proposed $3.2-billion merger
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 Want to save TMX? Buy itIf the TMX stock exchange group is such a vital strategic pillar of Canada's economic system, and if a group of powerful financial executives - Ed Clark at TD, Jim Prentice at CIBC and others - believe Canadians "should have the confidence to go global with institutions firmly anchored in our country," then there is one simple strategic option: Buy it.
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 RBC CEO's take on TSX-LSE tie-upGord Nixon, chief executive of Royal Bank of Canada, has emerged as one of the key proponents of the proposed, controversial combination of TMX Group Inc. with the London Stock Exchange. The head of the biggest bank in the country fleshed out his reasoning in an broader interview with Financial Post banking reporter John Greenwood late last week. Here is a condensed version of that discussion.
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 Exchange governance tops regulator's listOntario's securities regulator plans to focus on issues around regulation and corporate governance in its review of the proposed merger of TMX Group Inc. and the London Stock Exchange Group
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 TMX deal divides Bay StreetThe usually competitive-but cordial atmosphere of Bay Street was upended Wednesday as Canada's big banks and brokerages scrambled to pick sides, forge alliances and dump allies over the proposal to combine TMX Group Inc. with the London Stock Exchange
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 Trio of big banks to oppose TMX dealA group of leading financial institutions, including three of Canada's biggest banks, is set to come out against the proposed merger of the dominant stock exchanges in Canada and Britain, likening the deal to 'selling out'
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 Government will make up own mind on TMX/LSE: ClementIndustry Minister Tony Clement said Wednesday chartered banks are entitled to their opinion on the proposed merger between the London and Toronto stock exchanges, but he will ultimately decide if it gets approval
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 Retired bankers trade suits for campus lifeTrading suits for bicycle helmets, retired Bank of Canada deputy governors are choosing to share office space, and their expertise, at Carleton University in the country's capital.
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 BMO rides high on LoansCanadian households have been warned many times in recent months that they need to start paying down debt, and while policymakers are optimistic the message has been taken to heart, there was scant evidence in Bank of Montreal's first-quarter results that consumers were even listening.
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 Nova Scotia CEO Rick Waugh gets 10% pay hike after record profits last yearBank of Nova Scotia paid its chief executive Rick Waugh $10.7-million last year, up 10% after Canada's third largest bank reported its highest ever annual profit
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 London tie up easier sell than takeover: TMX chiefSelling the combination of TMX Group Inc. with the London Stock Exchange is developing into a very political wrangle with public hearings set to start Wednesday, but for Tom Kloet it is an easier sell than a pairing with touted alternatives such as the Hong Kong exchange
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 Canadian banks giving bullish signalsThe fortunes of the Canadian market depends much on the behavior of the banks, and right now they are giving signals their performance is about to improve
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