Bank margins should 'open up' as Fed begins rate cuts, says RBC's Gerard Cassidy
Gerard Cassidy, RBC Capital Markets managing director, joins 'Squawk on the Street' to discuss the impact of rate cuts on banks, what will happen with loan demand, and more.
The Fed cut rates by half-point: What to know
The Federal Reserve cut interest rates for the first time in four years, announcing a 50 basis point cut and policymakers forecasting additional cuts amid progress in slowing inflation.
Bank of England Widely Expected to Hold Interest Rates Despite Big US Fed Cut
The Bank of England is widely expected to keep interest rates unchanged later Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than
How low could mortgage rates go now that the Fed has finally started cutting? Economists weigh in.
The Federal Reserve announced Wednesday that it was cutting interest rates for the first time in four years. How far will mortgage rates fall from here on out? Not so much, economists say. The central bank announced a 50-basis-point cut to its benchmark rate,
Interest Rates and the Fed: What to Expect Through the Rest of 2024
The Federal Reserve kicked off its easing campaign with a bang Wednesday, cutting rates by 0.5 percentage point, or 50 basis points, to a range of 4.75% to 5%. Quarterly projections showed a narrow ma
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$2.8B UBS Team Joins RBC In Atlanta
RBC Wealth Management has hired a 15-member Atlanta-based team that managed $2.8 billion in client assets at UBS, according to a news release.
RBC appoints ‘highly respected’ 22-year company veteran as CFO in wake of alleged affair scandal
Gibson has served as interim CFO since April 5, following the departure of former CFO Nadine Ahn, who was terminated for ...
UBS Loses $2.8 Billion Advisor Team to RBC Wealth Management
The latest addition to RBC’s growing wealth operation is a 15-person team that is joining the firm’s Atlanta office.
RBC Capital Sticks to Their Buy Rating for Close Brothers Group (CBGPF)
In a report released yesterday, Benjamin Toms from RBC Capital maintained a Buy rating on Close Brothers Group (CBGPF – Research Report), ...
RBC’s McKay Says Canada Is on ‘Wrong Path’ and Needs Tax Reform
Royal Bank of Canada’s top executive said the country’s economic policy has veered off track, and it needs a more competitive ...
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Royal Bank of Canada Appoints Gibson as Chief Financial Officer
Royal Bank of Canada appointed Katherine Gibson as chief financial officer, effective immediately. Gibson has served as ...
RBC Capital Remains a Buy on Thermo Fisher (TMO)
In a report released today, Conor McNamara from RBC Capital maintained a Buy rating on Thermo Fisher (TMO – Research Report), with a ...
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RBC names interim CFO Gibson as permanent
The move presumably puts more distance between the bank and Gibson’s predecessor, Nadine Ahn, who has sued the bank for wrongful dismissal and damages.
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RBC Capital Mkts Just Upgraded Aramark (ARMK) Stock—What Does This Mean for Investors?
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.65% of ...
Royal Bank of Canada makes its interim CFO permanent
Royal Bank of Canada said on Thursday that interim finance chief Katherine Gibson would take over the role on a permanent ...
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RBC Global Asset Management Inc. Launches Two New ETF Series, Now Listed and Trading on Cboe Canada
"We are excited to expand our relationship with Cboe Canada with the listing of these two new ETF Series of RBC Funds," said Stephen Hoffman, Managing Director, ETFs at RBC Global Asset Management Inc ...
Fed’s big rate cut 'screams of interference' in election, Trump adviser says
Reaction from Trump world shows the fight is now over who gets credit for what looks like a soft economic landing: "Why ...