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Bank

HSBC said to explore sale of some German units in further exit from Europe to focus on Asia

by Anas Siddiqui
HSBC said to explore sale of some German units in further exit from Europe to focus on Asia

HSBC Holdings is exploring the sale of various business units in Germany including its wealth-management, custody and fund administration units, according to people familiar with the matter. The London and …

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Federal government commits to creation of national school food program

by Akin Smith
Federal government commits to creation of national school food program

The federal government says it will launch a national school food program, hoping to deliver meals to an additional 400,000 children per year. Prime Minister Justin Trudeau and Finance Minister Chrystia …

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Some consumers, businesses are feeling more optimistic about the economy, say BoC surveys

by Anas Siddiqui
Some consumers, businesses are feeling more optimistic about the economy, say BoC surveys

The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. The central …

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US court rejects Custodia Bank’s bid for Fed master account

by Isaac Wright
US court rejects Custodia Bank’s bid for Fed master account

The U.S. District Court for the District of Wyoming dismissed Custodia Bank’s plea for a Federal Reserve master account.  Custodia Bank, specializing in digital assets, has been seeking a master …

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Unexplained wealth order filed against crypto scam co-founder

by Anas Siddiqui
Unexplained wealth order filed against crypto scam co-founder

B.C.’s director of civil forfeiture has filed an unexplained wealth order in an attempt to seize a quarter-million dollars in cash, 45 gold bars, luxury watches and jewelry that were contained in …

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Canada’s need to improve productivity has reached emergency level, says Bank of Canada official

by Anas Siddiqui
Canada’s need to improve productivity has reached emergency level, says Bank of Canada official

A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a …

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Services inflation to stay muted for now

by Ron Morgan
Services inflation to stay muted for now

New Delhi: India’s services inflation may remain muted for next few months and will witness a pickup in second half only, economists said, thus helping curb core inflation. “There may …

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Hidden cameras capture bank employees misleading customers, pushing products that help sales targets

by Anas Siddiqui
Hidden cameras capture bank employees misleading customers, pushing products that help sales targets

Michelle Jeraline says she’s so stressed out by the pressure to sell customers products at TD Bank, it’s affected her health.  The TD employee says she’s usually not acting in …

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J&K Bank was ‘victim of nepotism’ but govt reforms turned it profitable, says Modi

by Vera Ward
J&K Bank was ‘victim of nepotism’ but govt reforms turned it profitable, says Modi

New Delhi: Prime Minister Narendra Modi said Thursday that his government’s efforts have turned around the vital J&K Bank, which, he said, was a “big victim of nepotism and corruption” …

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Bank of Canada worries a rate cut now could overheat the spring housing market

by Anas Siddiqui
Bank of Canada worries a rate cut now could overheat the spring housing market

The Bank of Canada is trying to thread a needle. It’s keeping rates higher for longer at least in part because it’s worried a rate cut now could undermine the …

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