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Banking and Credit |
| by Banking News |
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| Banks making changes to the way they pay |
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Since compensation wasn't always linked to the traders' performance, there was little to deter some from making gambles they otherwise wouldn't. But a new report that will be made public on Friday suggests the industry is making changes.
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| Cameron Austerity Makes U.K. D... |
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British companies are beating the world in the bond market as investors bet Prime Minister David Cameron's efforts to tame the budget deficit will preserve the U.K.'s top credit rating.
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| TD profit jumps 29% |
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Toronto Dominion Bank today reported a third quarter profit of $1.18-billion, or $1.29 a share, up from $912-million, or $1.01, last year as record results from Canadian retail lending made up for slumping capital markets operations.
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| Asia Markets: Singapore property curbs may bite banks' growth |
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The biting restrictions that Singapore introduced earlier this week to cool the city's property prices will likely affect credit growth at the city's lenders and restrict their share gains.
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| Virg Bernero says he'd cut state business with banks that won't lend in Michigan |
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Democrat Virg Bernero said Thursday he'll stop the state from doing business with banks that won't lend in Michigan if he's elected governor.
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| ECB raises growth forecast |
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BERLIN a ' The European Central Bank raised its growth projections for the 16-nation eurozone on Thursday, but stressed that the outlook remains uncertain and said its effort to keep banks supplied with credit would stay in place for the rest of the year.
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| TSX up, supported by miners, bank stocks even as TD narrowly misses forecasts |
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The Toronto stock market was higher Thursday as further signs of U.S. economic growth helped lift commodity prices while bank stocks ran ahead even as TD Bank delivered quarterly earnings that narrowly missed expectations.
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| Stocks edge up as ECB holds, jobless claims fall |
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The S&P/TSX composite index was ahead 14.77 points, or 0.12 per cent, to 12,018.55. Photograph by: Sean DeCory/National Post, Sean DeCory/National Post Stocks were mixed in early trading Thursday as U.S. jobless claims came in better than expected and the European Central Bank held rates at a record low to support the eurozone's uncertain economic ...
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