Global investing

Wells Fargo becomes world’s biggest bank Fallback Image Decorative pattern

Industry

Wells Fargo becomes world’s biggest bank

Wells Fargo became the world’s largest financial institution today, surpassing the Industrial & Commercial Bank of China, reports the Wall Street Journal. The shift occurred due to the economic slowdown in China, the WSJ reports, as well as increased optimism about the U.S. economy. San Francisco-based Wells Fargo & Co. is worth $236 billion, according […]

By Staff |July 24, 2013

1 min read

Carney says British notes will feature Jane Austen Fallback Image Decorative pattern

Industry

Carney says British notes will feature Jane Austen

Former BOE Governor Mervyn King provoked a media storm when he announced in June that the last woman featured on British money other than the Queen, Elizabeth Fry, would be replaced with Winston Churchill. Mark Carney responded he would consider the issue in his first public communication as new governor. Read: Carney’s first statement at […]

By Staff |July 24, 2013

1 min read

Canadian firms aren’t competing globally Fallback Image Decorative pattern

Economic Indicators

Canadian firms aren’t competing globally

Only one-sixth of Canadian firms adopt an innovation strategy that focuses on competing in international markets. Lack of funding is the biggest challenge.

By Staff |July 17, 2013

2 min read

Carney against extra QE Fallback Image Decorative pattern

Economic Indicators

Carney against extra QE

The minutes of Mark Carney’s first Bank of England policy meeting show the vote to stay the course with QE was unanimous.

By Staff |July 17, 2013

1 min read