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Matt Scuffham

US Finance Correspondent at Reuters

Reuters Editor/Reporter, U.S. banking

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  • Reuters
    3 articles

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  • Royal Bank of Canada's earnings rise despite weak capital markets
    22 Feb 2019—reuters.com
    TORONTO (Reuters) - Royal Bank of Canada on Friday said first-quarter earnings rose in line with market expectations, as growth in personal and commercial banking offset lower earnings at its capital markets division. The Royal Bank of Canada (RBC) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie Canada’s biggest lender by market value said earnings per share grew by 7 percent in the quarter to Jan. 31 to C$2.15. Adjusted earnings per share...
  • UPDATE 3-TD Bank sees cooling mortgage demand over next 6 months
    1 Mar 2018—Reuters
    * Bank on track to beat 7-10 percent earnings growth target * CFO says expects growth in mortgage sales to cool (Recasts, adds comments from CFO interview on mortgage market) TORONTO, March 1 (Reuters) - Toronto-Dominion Bank, Canada’s second-biggest lender by market value, said it expects growth in new mortgage sales to slow over the next six months following the introduction of tougher lending rules. Canada introduced stricter mortgage rules in January, requiring borrowers taking out...
  • RPT-EXCLUSIVE-Royal Bank of Canada using blockchain for U.S./Canada payments -executive
    28 Sep 2017—Reuters
    (Repeats Wednesday story with no changes to text) * Initiative developed by RBC’s in-house blockchain team * Initiative developed over past 6 months TORONTO, Sept 27 (Reuters) - Royal Bank of Canada is experimenting with blockchain to help move payments between its U.S. and Canadian banks, one of the bank’s senior executives told Reuters on Thursday. Martin Wildberger, RBC’s executive vice president for innovation and technology, said use of distributed ledger technology, or DLT, would...
  • Exclusive: Royal Bank of Canada using blockchain for U.S./Canada payments - executive
    27 Sep 2017—Reuters
    TORONTO (Reuters) - Royal Bank of Canada (RY.TO) is experimenting with blockchain to help move payments between its U.S. and Canadian banks, one of the bank’s senior executives told Reuters on Thursday. Martin Wildberger, RBC’s executive vice president for innovation and technology, said use of distributed ledger technology, or DLT, would improve the speed of payments, reduce complexity and lower costs. The bank developed the system over the past six months at an RBC blockchain technology...

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