TD Bank Financial Group today reported an increase in second-quarter profit thanks to a strong performance in Canadian retail banking and wealth management.The bank said…
Boosts dividend by 71%
Ninth consecutive profitable year
Three banks to pay US$6.6 billion
Bank of Montreal today said its second-quarter profit rose 7.1% as strength in its investment banking arm offset a modest decline in its retail banking…
Mechanisms are in place to ensure that banks maintain a solid capital base
Competition watchdog signs off
U.S. regulators preparing guidelines
AUM up 18% from last year
But banks’ capital ratios under Basel II will have less comparability than generally believed
Increases stake to 25.1%
2-for-1 split effective May 31
Exchange proposes merger of equals
The Italian stock exchange, Borsa Italiana, is the latest to voice an interest in being part of the global consolidation of exchanges.The exchange announced that…
Beatson named CEO
Sun Life to be granted Exchangeable LP Units
Plan would remove $1.4 million from liabilities
Adds $600 million in managed assets
Less than one in three actively managed funds outperformed the S&P/TSX composite index
Portfolio yields in the range of 16% to 18% for most issuers
Record success in fiscal 2006