Bloomberg Toronto-Dominion Bank (TD) said it issued C$3 billion ($2.16 billion) of subordinated bonds in the largest corporate bond sale in Canada on record as it bolsters its position to ride out the coronavirus slump. Canada’s second-largest bank by assets priced the 10-year bonds at 255 basis points above government bonds, according to Bloomberg data. The securities are callable after ...

Bloomberg Bank of America Corp. (BofA) can favour its own customers in making emergency loans for now, a federal judge ruled as small businesses start to compete for a piece of the $349 billion Paycheck Protection Program. US District Judge Stephanie Gallagher in Baltimore rejected a request to temporarily bar the bank from giving preferential treatment to existing small-business loan ...

Bloomberg The amount of cash commercial banks hold at the Swiss National Bank (SNB) hit a record last week, highlighting officials’ battle to keep the franc from appreciating. Sight deposits increased by 6.9 billion francs ($7 billion) to 634.1 billion francs in the week ending April 10, data published on the central bank’s website on Tuesday showed. The SNB waged ...