) debuted on the New York Stock Exchange in the afternoon with shares of the company trading above its target price of $34 per share. The stock is currently trading at just under $50 per share during extended hours.
Competition for customer deposits among Canadian banks is expected to intensify with the likely onset of lower interest rates as clients divert funds parked in high-yielding fixed income products to riskier investments in search of better returns, analysts and executives say. For banks, sticky customer deposits are a cheaper source of funding that keeps costs under check and boosts lending margins.
Discover how Warren Buffett amassed his $136 billion net worth, which is up by almost $16 billion this year, and how he spends his fortune. -- The company planning to take Trump Media & Technology Group public sued to force its biggest investor, ARC Global Investments II, to vote in favor of the deal before a critical deadline this week.
TORONTO — Royal Bank of Canada says it will be closing 25 HSBC Bank Canada branches and rebranding dozens more after its takeover deal closes next week. RBC spokesperson Christine Stewart said the closures are part of the company's "process of optimizing our branch network in a way that makes the most sense for our clients and our business.
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