Bank of Canada

National Bank of Canada | September 22, 2016

In terms of coupon it’s about as good as it gets.We are referring to Thursday’s 750 million euro seven year AAA-rated covered bond issue by the National Bank of Canada (NBC).For that borrowing the bank was able to attract enough investors to print a coupon that started with a zero and ended with a zero: in other words, NBC is paying 0.00% for the borrowing.Because NBC’s issue was priced at 99.72 euros per 100 euro face value — meaning a slight discount — the deal ca...

CIT | October 03, 2016

NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE:CIT), cit.com, a leading provider of commercial lending and leasing services, today announced that it has completed the sale of its Canadian equipment finance and corporate finance businesses (CIT Canada), with assets of approximately US $700 million, to Laurentian Bank of Canada. As part of the sale, CIT will transfer approximately 135 employees of CIT Canada to the Laurentian Bank team....

CIT | June 29, 2016

NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE:CIT), cit.com, a leading provider of commercial lending and leasing services, today announced that it has reached a definitive agreement to sell its Canadian equipment finance and corporate finance businesses (“CIT Canada”), with more than US $700 million in assets, to Laurentian Bank of Canada. In addition, approximately 140 employees of CIT Canada will join the Laurentian Bank team....

PayPal | January 16, 2020

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that it processed a record $10.3 billion in donations to charities around the world in 2019, and more than $1 billion in the month of December alone, as mobile and other digital channels continue to change how donors engage with nonprofit organizations. Twenty-one percent of all donations processed by PayPal in 2019 were made through mobile devices. "Our efforts to drive social impact and create value for all of our stakeholders continue ...