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It’s raining dividends, hallelujah! Canadian banks set to post strong results

It’s raining dividends, hallelujah! Canadian banks set to post strong results

2/2 © Reuters. FILE PHOTO: A combination photo shows Canadian investment banks RBC, CIBC, BMO, TD and Scotiabank in Toronto, Ontario, Canada on March 16, 2017. REUTERS/Chris Helgren/File Photo 2/2 By Nichola Saminather TORONTO (Reuters) – Canada’s top six banks are expected to resume raising dividends and share buybacks after nearly a two-year hiatus and…

Fed’s Bostic says he is hopeful momentum will carry economy through new COVID variant

Fed’s Bostic says he is hopeful momentum will carry economy through new COVID variant

© Reuters. FILE PHOTO: President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne By Jonnelle Marte (Reuters) – Atlanta Federal Reserve President Raphael Bostic said on Friday he is hopeful that the momentum of…

China central bank gives go-ahead to credit-scoring venture backed by Ant, state firms

China central bank gives go-ahead to credit-scoring venture backed by Ant, state firms

© Reuters. FILE PHOTO: A man walks past an Ant Group logo at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 8, 2021. REUTERS/Yilei Sun BEIJING (Reuters) -China’s central bank said on Friday it had accepted the application to set up a personal credit-scoring joint venture backed by Alibaba (NYSE:BABA)’s fintech affiliate Ant…

Austrian central bank sees growing risks from mortgages amid property boom

Austrian central bank sees growing risks from mortgages amid property boom

© Reuters. FILE PHOTO: A site fence is placed in front of the Austrian National Bank (OeNB) building in Vienna, Austria, June 15, 2018. REUTERS/Heinz-Peter Bader VIENNA (Reuters) – Risks from insufficiently cautious mortgage lending are increasing amid Austria’s housing market boom, the central bank said on Wednesday, stressing that such loans need close scrutiny.…