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TDB gives staff eight hours off for vaccines

Bloomberg Toronto-Dominion Bank (TDB) plans to give workers up to eight hours of paid time off for coronavirus vaccinations. Workers will receive as many as four hours of paid time off for the vaccine and as many as four additional hours if a second dose is required, according to a memo from Kenn Lalonde, executive vice president of human resources. ...

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Credit Suisse to wind down frozen Greensill-linked funds

Bloomberg Credit Suisse Group AG plans to wind down a $10 billion group of supply chain finance funds linked to financier Lex Greensill that it suspended this week because of valuation concerns. The Swiss bank said it will make the first payments to investors — amounting to approximately 80% of the available cash and cash equivalents — for the Luxembourg-domiciled ...

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Masters of equities universe are unfazed by spike in bond yields

Bloomberg The recent rise in interest rates triggered a bout of volatility, but it’s not making the pros in the stock market run for the hills just yet. Some of the world’s biggest fund managers say equities can persevere and continue rallying through the rise in government bond yields. They are focusing instead on prospects for a powerful economic and ...

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