Royal Bank of Canada Notches Record Income
Royal Bank said third-quarter income rose to 6.02 billion Canadian dollars, or C$4.23 a share, from C$5.41 billion, or C$3.75 a share, a year earlier.
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TD Bank Earnings Lifted by Growth in Canada, Capital Markets Activity
Toronto-Dominion Bank's earnings were up sharply in the latest quarter as the big lender continued to see strong growth in its Canadian banking and capital markets businesses, while also setting aside less money for soured loans.
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Kalshi and the Weather Co. Join Forces on Climate Trades
The trading platform is now getting input from experts that operate a leading weather app to verify popular climate-prediction markets.
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Think Treasurys Are Having a Rough Summer? It's Even Uglier Abroad
Countries with large debt burdens-France, Italy, the U.K., Japan-have come under the heaviest pressure in recent months.
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Bank Lending to Eurozone Businesses Fell Again in July
Rising borrowing costs might be weakening the currency area's economy ahead of another expected ECB rate rise.
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Aker Shares Climb After Nscale Gets $45 Billion Contract
Aker stock jumped after it said Nscale had signed the contract to provide AI compute capacity at its Monarch site in West Virginia, U.S.
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Mizuho's European profit more than doubles to £17m
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Financial Services Roundup: Market Talk
Find insight on the U.S. housing market, French banks and more in the latest Market Talks covering financial services..
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Fed's Cook Says She Never Committed Fraud
A lawyer for Fed governor Lisa Cook said her mortgage documents provide no legal basis for Trump to remove her.
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Banks Fought Against Stablecoins. Now They Are Considering Launching Their Own.
Executives are on the defensive as companies outside of the banking system launch coins.
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Vanguard Buys Wealth Management Platform Altruist in $4 Billion Deal
The world's second-biggest investment firm is making a bigger push into financial advice.
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Victory Capital to Buy First Eagle for $7 Billion
Victory Capital Holdings agreed to acquire First Eagle Investments for about $7 billion, a deal the companies said will create one of the largest publicly traded traditional asset managers in the U.S., with roughly $571 billion in total client assets.
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Regulators Probing Near-Collapse of Hedge Fund Situational Awareness
The SEC has sought information from banks that provided financing to supercharge the hedge fund's AI-centric bets.
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Mark Walter's Troubles Are Disrupting the Insurance World's Hottest Trade
Investors are questioning a $4.1 billion takeover of Brighthouse Financial because of some parallels to Walter.