Saving more, spending less, and trimming debt will continue to remain the main focus for Canadian consumers in 2013, according to the RBC Canadian Consumer Outlook. The study finds one in three Canadians (31%) are planning to focus on reducing their debt, 26% on spending less, 25% on saving or investing more, and another 20% […]
Black Friday blitz, Boxing Day bonanza, tempting bargains and deep discounts, shops will need to try every way to wheedle money out of Canadians this festive season. A recent survey by TD Canada Trust says the majority of Canadians plan to spend very little and only what they need (37%) or that they would budget […]
Banks with extensive capital markets operations are expected to cut costs further, says a Fitch Ratings report.
National Bank is cutting about 2% of its workforce.
JPMorgan Chase is suing the executive responsible for supervising Bruno Iskil.
Swiss bank UBS’ recent decision to cut 10,000 jobs by 2015 has unleashed a mass outpouring of bitterness in the twitterverse. The multilingual tweets posted by its employees revealed many didn’t know they’d been fired until they realized their access passes were no longer working, says a report on FT.com Read: Swiss bank UBS to […]
UBS will cut about a sixth of its global workforce.
A published report says the Swiss bank UBS is preparing to cut about 400 jobs.
When investors overreact, they create volatility, says Colum McKinley, manager of the Renaissance Canadian Core Value Fund. But that might not be a bad thing.
Ex-employee Greg Smith’s 277-page book, Why I Left Goldman Sachs, is now for sale. But while it paints an unflattering picture of the firm, reports FT.com, it doesn’t contain any new information that could jeopardize the U.S. investment bank. Smith’s resignation coincided with a New York Times op-ed piece where he blamed the bank, saying […]