#Royal tsx to administrator driver#
CEO Roy Gori said in an interview that the company is counting on getting half of its profit from Asia by 2025 - is counting on the region to be its most promising driver of growth in an increasingly turbulent world.“Asia and wealth and asset management are massive priorities where we do think we have a right to win and are in fact winning,” Gori said in the interview with Bloomberg. Link Administration received a A$1.27 billion bid from Dye & Durham (TSX: DND) for its corporate markets and banking segments, shortly after D&D's takeover offer for the entire company fell through due to mounting regulatory costs associated with the deal. It apparently isn’t the end of the story for Dye&Durham’s long-protracted efforts to acquire Australia’s Link Administration.
However, Rizvanovic said he thinks Royal Bank of Canada (TSX: RY) is the only Big Six institution that could cover the cost of a takeover, which he estimates could reach as much as $8.5 billion, with existing excess capital. Mike Rizvanovic from Keefe Bruyette & Woods writes that the National Bank of Canada (TSX: NA) might have “the most compelling reason” to buy HSBC Canada. Rumours are abounding on Bay Street about who might be shopping for HSBC’s Canadian business after news of a potential sale. Senior Federal Reserve officials, including San Francisco Fed Mary Daly and Philip Jefferson, a governor on the Fed’s board, played down suggestions of an imminent dovish 'pivot'.ĭespite the morning’s losses, the commodities-weighted Canadian helped outperformed Wall Street as crude prices continued to rally on news of OPEC+ cuts to output. ADP (NASDAQ: ADP) numbers showed an increase in private employer hiring in September, boosting the case for the Fed to remain hawkish. The Canadian index reversed a two-day rally, pressured by a sharp rise in US 10-year Treasury yields as traders reassessed their bets on how aggressively the Federal Reserve will raise rates. Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close
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