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 …