Why IBM's purchase of Red Hat matters to banks
The merger could help make open source and cloud computing more commonplace at banks. But it may have an unintended consequence as well. ... Read full article
The merger could help make open source and cloud computing more commonplace at banks. But it may have an unintended consequence as well. ... Read full article
Nine of the world's biggest banks won dismissal of a lawsuit accusing them of conspiring to rig bonds issued by government entities and institutions like the World Bank, after a federal judge said the investors who sued didn't show how the ... Read full article
Canadian banks will likely report profit gains of as much as 10% in the third quarter as four rate increases by the Bank of Canada make consumer and commercial loans more profitable. ... Read full article
One firm's inability to access bank data shows how fragile fintechs can be; payments processor Square quietly withdraws bank application; turnover of chief risk officers is on the rise; and more from this week's most-read stories. ... Read full article
A new standard would make financial apps work together the way iPhone apps do. Twelve large banks, including JPMorgan Chase, Morgan Stanley and RBC, are already using it. ... Read full article
Toronto-Dominion's returns more than doubled its Canadian competitor in the past year, eliminating the premium Royal Bank shares enjoyed for the better part of a decade. ... Read full article
Royal Bank of Canada introduced a wave of technology initiatives in a bid to attract more tech-savvy customers who embrace a digital lifestyle. ... Read full article
Royal Bank of Canada fired its U.S. investment banking chief Blair Fleming because he failed to disclose that he was having an improper relationship with an employee. ... Read full article
The firm graded bank and credit card apps on customer satisfaction, appearance, navigability, and availability and clarity of information. ... Read full article
Royal Bank of Canada, CIBC and Toronto-Dominion have the capital to do deals, but they would rather use it to build out new business lines or expand into new markets than buy other banks. Here’s why. ... Read full article
The Canadian banks' second-quarter profits were also boosted by double-digit income growth at their U.S. operations. ... Read full article
The financial technology infrastructure firm has made its first move to provide services outside of the U.S. ... Read full article
The country's six largest lenders are approaching their strongest capital position since 2013, leaving them with enough resources to pursue acquisitions, buy back shares or build from within. That has the chiefs of Canada's big banks weighing ... Read full article
Deposit prices are starting to rise, deposit growth is slowing, commercial loan growth remains tepid (with some exceptions) and concerns are mounting about the economic toll of U.S. trade policy, bank executives said just a few weeks ahead of the end of ... Read full article
Foreign inflows are distorting Canada's already constrained housing market and aren't the kind of investment the country needs, the chief executive officer of Royal Bank of Canada said. ... Read full article
Royal Bank of Canada showed it can defy expectations even while being more selective in lending. ... Read full article
Royal Bank of Canada has found a unique solution to keeping its tech-savvy interns from moving on — using a new technology that matches young employees with more seasoned people to set up career mentoring chats over coffee. ... Read full article
Royal Bank of Canada's David McKay said he has "real concerns" about bitcoin. But unlike JPMorgan Chase's Jamie Dimon, fraud isn't one of them. ... Read full article
Readers comment on the ripple effects of the Equifax breach, who benefits from the CFPB's final arbitration rule, gender-related issues in financial services, and more. ... Read full article
Separate apps for banking and PFM are too much for most customers to handle, so the Canadian bank is adding automated advice and savings to mobile banking — and it’s relying on artificial intelligence and predictive analytics to make it all work. ... Read full article