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Ex Amaya CEO asks court to order the release of details in insider trading case + MORE Dec 14th
MONTREAL _ Former Amaya CEO David Baazov’s lawyer says the Quebec securities regulator’s disclosure of more than one million documents isn’t helping to defend against insider trading charges.
Sophie Melchers told a Quebec Court judge on Tuesday that although l’Autorite des ma.... More »
How to handle your finances when CERB ends + MORE Jul 31st
Nick was doing deliveries for a friend with a catering service prior to the pandemic. In March, he applied for another driving job.
“That would have fit well with my parental duties and freelance writing gigs.” he says. “The guy was ready to give it to me right then and there, but the company .... More »
India asks internet service providers to block WeTransfer - TheChronicleHerald.ca Jun 1st
India asks internet service providers to block WeTransfer TheChronicleHerald.caIndia blocks File transfer service WeTransfer - here's what we know TechradarWhy is WeTransfer banned in India: Know all about it India TV NewsGovernment of India bans WeTransfer file shar.... More »
What Trump’s troubles mean for the stock market + MORE May 20th
(Reuters/Andrew Kelly)
Donald Trump likes to say he moves markets. The past week provided concrete proof of that claim: The Donald acted, and markets fell.
Since the election, markets have largely tuned out the negative headlines about Trump and his administration. Markets generally viewed the goin.... More »
Waiting for tax time? New survey shows more Canadians are relying on refunds Mar 26th
What people plan to do with their tax refund gives a tiny glimpse into the economy as a whole, which is why EQ Bank recently released its survey on how Canadians are approaching tax season this year.
Spoiler alert: It’s been a rocky few years with inflation and a high cost of living, so it’.... More »
Scotiabank Q4 profit rises to $1.843 billion, says results good in Canada, abroad
– canadianbusiness.com
TORONTO – Scotiabank (TSX:BNS) says growth in most of its business segments drove up fourth-quarter net income to $1.843 billion, taking the total for the 2015 financial year to nearly $7.3 billion.
The profit for the three months ended Oct. 31 amounted to $1.45 per share, up 32 per cent from $1.10 a year earlier when Scotiabank recorded a number of unusual items.
Excluding special items last year, the quarter’s earnings per share was up 10 per cent from $1.32.
The results were above analyst estimates of $1.41 per share before adjustments or $1.43 per share on an adjusted basis, according to Thomson Reuters.
Canadian banking contributed $837 million to the quarter’s total profit, while the international banking segment contributed $564 million to the quarter’s total profit — both up from last year.
There was, however, a decline at Scotiabank’s global banking and markets segment. Its $325 million net income fell 14 per cent, mostly because of less from U.S…
The profit for the three months ended Oct. 31 amounted to $1.45 per share, up 32 per cent from $1.10 a year earlier when Scotiabank recorded a number of unusual items.
Excluding special items last year, the quarter’s earnings per share was up 10 per cent from $1.32.
The results were above analyst estimates of $1.41 per share before adjustments or $1.43 per share on an adjusted basis, according to Thomson Reuters.
Canadian banking contributed $837 million to the quarter’s total profit, while the international banking segment contributed $564 million to the quarter’s total profit — both up from last year.
There was, however, a decline at Scotiabank’s global banking and markets segment. Its $325 million net income fell 14 per cent, mostly because of less from U.S…
Scotiabank fourth-quarter profit climbs, beats estimates
– theglobeandmail.com
Operating earnings for the quarter rose to $1.46 a share, ahead of the $1.44 that analysts had been expecting
Scotiabank (TSX:BNS) says its fourth-quarter net income was $1.843 billion, taking the total for the 2015 financial year to nearly $7.3 billion.
Carrick best reads: These open house tricks will wow buyers
– theglobeandmail.com
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick
Britain’s major banks pass annual health checks in Bank of England stress test
– canadianbusiness.com
LONDON – The Bank of England says the country’s seven biggest lenders have passed stress tests designed to see if they can withstand a slump in the global economy.
The annual check of the health of the financial institutions found that five of the seven participating institutions — Barclays, HSBC, Lloyds Banking Group, Santander UK, and Nationwide — showed no capital inadequacies.
The Royal Bank of Scotland Group and Standard Chartered did not meet their capital requirements. But the banking regulator is not asking either to submit a plan to raise new cash, as both institutions were already taking steps to strengthen their capital positions.
The Bank of England modeled how banks would react to, among other things, a sharp drop in Chinese economic growth.
The post Britain’s major banks pass annual health checks in Bank of England stress test appeared first on Canadian Business – Your Source For Business News.
The annual check of the health of the financial institutions found that five of the seven participating institutions — Barclays, HSBC, Lloyds Banking Group, Santander UK, and Nationwide — showed no capital inadequacies.
The Royal Bank of Scotland Group and Standard Chartered did not meet their capital requirements. But the banking regulator is not asking either to submit a plan to raise new cash, as both institutions were already taking steps to strengthen their capital positions.
The Bank of England modeled how banks would react to, among other things, a sharp drop in Chinese economic growth.
The post Britain’s major banks pass annual health checks in Bank of England stress test appeared first on Canadian Business – Your Source For Business News.
