About Ourtown Own A Town Sign In
Banking News
  1. S&P 500 Nears Record as ECB Meeting Looms; Oil Snaps OPEC RallyWed, 07 Dec 2016 12:24:26 GMT
    U.S. stocks advanced, rising with emerging-market assets as investors speculated the European Central Bank will extend its monthly bond purchases to stoke growth in the region. Oil slipped from a 16-month high. More...
  2. Most actively traded companies on the TSXTue, 06 Dec 2016 23:51:33 GMT
    Neovasc Inc. . Medical devices. Up $1.31, or 68.95 per cent, to $3.21 on nine million shares. More...
  3. Wall Street banks are having a great time in tradingTue, 06 Dec 2016 19:26:32 GMT
    JPMorgan CEO Jamie Dimon and Bank of America Merrill Lynch CEO Brian Moynihan both shed some light on their firms' performance in the markets business, speaking at the Goldman Sachs Financial Services Conference on Tuesday. JPMorgan's markets division is up about 15% year-over-year in the fourth quarter, Dimon said, while BAML's fixed income, currency, and commodities sales and trading division is up 15% quarter-to-date versus last year, according to Moynihan. More...
  4. Scandal-ridden Wells Fargo wants less regulationTue, 06 Dec 2016 19:26:31 GMT
    Wells Fargo is the poster child for misbehaving banks these days. But it's already pushing the incoming Trump administration for less scrutiny on the industry. More...
  5. Could we be heading into a mortgage crisis, but with cars?Tue, 06 Dec 2016 19:26:30 GMT
    The Federal Reserve Bank of New York thinks so. It released new figures last week showing that the percentage of delinquent subprime auto loans in the U.S. has reached its highest level since 2010: 6 million people who are more than 90 days late on their car payments. More...
  6. Supreme Court upholds broad power to curb insider tradingTue, 06 Dec 2016 17:08:20 GMT
    A unanimous Supreme Court on Tuesday sided with the government in a legal clash over the nation's insider trading laws, a victory for prosecutors seeking to curb corruption on Wall Street. The justices ruled that sharing corporate secrets with friends or relatives is illegal even if the insider providing the tip doesn't receive anything of value in return. More...
  7. Supreme Court rules for prosecutors in insider trading caseTue, 06 Dec 2016 17:08:19 GMT
    The U.S. Supreme Court, ruling in an insider trading case for the first time in two decades, on Tuesday upheld a Chicago man's conviction in a decision that could make it easier to prosecute people accused of profiting from confidential information. The justices, in an 8-0 decision, ruled against Bassam Salman, who was appealing a 2013 conviction stemming from federal charges that he made nearly $1.2 million trading on non-public information that came from his brother-in-law at Citigroup Inc. Salman had argued that prosecutors in insider trading cases must prove that an alleged source of corporate secrets like the brother-in-law received a tangible benefit like cash in exchange for any tips, something his brother-in-law did not receive. More...
  8. BMO grows fourth-quarter profit 11 per cent to $1.35 billion; boosts dividendTue, 06 Dec 2016 15:02:52 GMT
    Bank of Montreal raised its dividend Tuesday as it reported a fourth-quarter profit of $1.35 billion, up a 11 per cent from a year ago. Bank of Montreal's profit of the quarter ended Oct. 31 amounted to $2.02 per share, up from $1.21 billion or $1.83 per share a year ago. More...
Advertisements
Have Your Say
Business News
Server did not return 200: Feed not found error: FeedBurner cannot locate this feed URI.