Bloomberg Canadian banking is no longer the engine driving profit growth at the country’s large lenders. With Canadian financial giants including Royal Bank of Canada and Toronto-Dominion Bank having announced results this week, and rivals to follow, it’s becoming clear that businesses such as wealth management and US operations are doing more to increase earnings than their mainstay of domestic ...

Bloomberg The past months have been brutal for the UK’s retail and consumer industries, and one bank that’s felt its fair share of the pain is HSBC Holdings Plc, which has found itself on the wrong side of several of the highest-profile failures. Last week, TV celebrity chef Jamie Oliver’s casual-dining chain was placed into protection from creditors. That left ...

Bloomberg European Union leaders are about to begin their tussle over who should run the region’s monetary policy in the era after Mario Draghi. Heads of government will sit down for dinner in Brussels, in the aftermath of EU parliamentary elections, to kick off talks on the next suite of top political appointments. Among them is arguably the bloc’s most-powerful ...