Bank of America CEO Excluded from Trump Davos Reception
Bank of America CEO Brian Moynihan was excluded from a Donald Trump reception at Davos, marking the second time he's been snubbed by the White House amid tensions over debanking allegations.
Category : Banking Finance
RBC Leads $1.25B Loan for TreeHouse Buyout
Royal Bank of Canada is spearheading a major $1.25 billion term loan to finance Investindustrial's $2.9 billion acquisition of TreeHouse Foods, a key Walmart supplier. The deal highlights renewed activity in leveraged buyout financing for 2026.
RBC Eyes China, Middle East for Diversification Strategy
Royal Bank of Canada CEO David McKay announces strategic review of China and Middle East markets while maintaining U.S. as second home market amid global trade uncertainties.
RBC Eyes China, Middle East for Diversification
Royal Bank of Canada CEO David McKay reveals plans to diversify into China and the Middle East while maintaining U.S. focus, citing geopolitical changes and trade opportunities.
Charles Schwab Profit Rises on Interest, Trading Revenue
Charles Schwab reports increased fourth-quarter profit, driven by higher interest income and robust trading revenue during market volatility, highlighting the brokerage's financial resilience.
Dimon Warns Credit Card Rate Cap Could Cause Economic Disaster
JPMorgan Chase CEO Jamie Dimon cautions that implementing a cap on credit card interest rates could lead to severe economic consequences, impacting lending and consumer access.
TD Hires Bankers from JPMorgan, Goldman to Expand Teams
Toronto-Dominion Bank is expanding its debt and equity capital market divisions by recruiting experienced bankers from major rivals, including JPMorgan and Goldman Sachs, in a strategic talent acquisition move.
Fed to Hold Rates Through March, Possibly Through Powell's Tenure
The Federal Reserve is expected to maintain interest rates through March 2026, with potential stability extending through Chair Jerome Powell's tenure, driven by strong economic growth indicators.
JPMorgan Advisors Lean on In-House Research Amid Volatility
JPMorgan Chase investment advisers are increasingly relying on proprietary research to navigate global economic uncertainty and market fluctuations, emphasizing internal analysis.
No 'Runaway' Inflation Worries for Bank of Canada
Jimmy Jean of Desjardins Group analyzes Bank of Canada data, noting food prices significantly impact inflation but runaway inflation is not a current threat.
Banca Promos' All-Women Trading Desk Breaks Industry Mould
A small Italian bank near Naples operates a unique fixed-income trading desk composed entirely of women, creating a supportive culture while generating €3 million annually.
Bank Stocks Fall as Trump's Credit Card Rate Cap Deadline Looms
Major U.S. bank stocks dropped as investors awaited clarity on whether the Trump administration's proposed 10% cap on credit card interest rates would be implemented by the January 20 deadline.
U.S. Treasury Chief Unconcerned by European Bond Sell-Off Fears
U.S. Treasury Secretary Scott Bessent downplays fears of European institutional investors selling U.S. Treasuries in response to Greenland acquisition tensions and tariff threats at Davos forum.
Desjardins Fraudsters Sentenced to Federal Prison Terms
Imad Jbara and Ayoub Kourdal receive prison sentences for defrauding Desjardins clients of millions using stolen personal data in sophisticated identity theft operation.
GTA Staffing Directors Get Conditional Sentences for Tax Evasion
Directors of a Greater Toronto Area temporary staffing agency have been given conditional sentences after pleading guilty to tax evasion charges. The case highlights CRA enforcement efforts.
5 Ways to Fix Canada's Tax System and Filing Challenges
Tax expert Kim Moody outlines five critical reforms the CRA and government must implement to simplify tax filing for Canadians and address systemic issues causing widespread frustration.
Canadian Businesses Diversify Trade, But Layoffs Loom
A Bank of Canada survey reveals a growing share of firms are increasing sales beyond the U.S. due to trade tensions, but over half see layoffs as more likely than hiring. Read the full analysis.
Record Bank Switching in Canada as Customers Seek Better Deals
A new study reveals a historic shift: one in four Canadians switched financial institutions in 2025, driven by better rates and digital services. Discover why loyalty is fading and what banks must do to retain clients.
December inflation rises to 2.4%, divides economists on rates
Canada's inflation accelerated to 2.4% in December, but core measures cooled. Economists are split on whether the Bank of Canada should hold or cut interest rates. Read the full analysis.
Indonesian President nominates nephew for central bank job
Indonesian President Prabowo Subianto has put forward his nephew for a key role at the nation's central bank. Explore the details and implications of this significant political and economic move.
Supreme Court Hears Crucial Case on Federal Reserve Independence
The Supreme Court hears arguments in Trump v. Cook, a pivotal case threatening the Federal Reserve's independence. Explore the high-stakes battle over presidential power and monetary policy. Read more.
Trump's 10% Credit Card Cap Deadline Nears, Industry Unclear
With days left before Trump's Jan. 20 deadline for a 10% credit card interest cap, banks and consumers await details. Will the White House enforce its demand? Explore the potential $100B savings and industry pushback.
Washers disguised as toonies in Kitchener bank fraud
Waterloo Regional Police investigate a bank fraud in Kitchener involving rolls of metal washers disguised as $2 coins. Authorities release images as part of the ongoing probe.
Credit card fraud hits Rockwood and Guelph-Eramosa
Local police are investigating reports of credit card fraud in Rockwood and Guelph-Eramosa. Authorities urge residents to monitor statements and report suspicious activity immediately.
TD Bank Executive Patrick Niro Leaves Amid Restructuring
Patrick Niro, co-head of securitized products at TD Bank, has exited. His departure is part of a string of senior executive changes at the Canadian lender over the past year. Read more on the ongoing restructuring.
Lenders Block Ssense Founder Buyout, Seek Liquidation
A Bank of Montreal-led lender group is opposing the founders' bid to buy Ssense out of bankruptcy, arguing liquidation would recover more cash. The dispute puts 760 Quebec jobs at risk.
PNC Financial profit jumps on dealmaking, interest income
PNC Financial Services Group reports a significant profit surge for the latest quarter, driven by a rebound in investment banking fees and higher interest income. Get the full analysis.
Counterfeit Cash Surge Reported in Timmins, Ontario
Timmins police report a significant increase in fake $50 and $100 bills circulating in the community over the last two months. Learn how to spot counterfeit money and protect yourself.
Trump: No Plan to Fire Powell, Will Nominate Replacement Soon
President Trump states he has no plans to remove Fed Chair Jerome Powell despite a Justice Department probe but intends to nominate a successor within weeks. Explore the implications for Fed independence.
Morgan Stanley profit jumps on investment banking surge
Morgan Stanley reports a significant 25% profit increase for Q4 2025, driven by a resurgence in investment banking fees and strong trading. Get the full financial breakdown and market analysis.
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