ESG influence set to rise in 2021: Fitch
Growing role for sustainability among financials will spread to issuers
Mandate letter tells minister to use “whatever fiscal firepower” is necessary while also avoiding “new permanent spending”
OCC penalizes ex-general counsel in sales practices scandal
Deal includes $2.4 million and cooperation with ongoing litigation
New strategy aims to create a diversified portfolio of private debt investments “below the target size” of large infrastructure debt lenders
The bank has partnered with Coast Capital
U.S. bank's year-over-year profit jumped 42%
The bank's profit rose 4% during the final quarter of the year
The plan includes an additional $1,400 for most Americans
December sales were up 47.2% compared with a year earlier
They fell for a third straight month amid a surge in virus cases
New all-time highs for sustainable debt, equity issuance
The measure aims to encourage consumers and businesses to borrow and spend
Revenue could reach as high as $144 million by 2033
Donations halted in response to attack on U.S. Capitol
Dexter John will serve a three-year term
Lesley Marks steps into the role on Jan. 25
Treasury Board President Peter Bethlenfalvy will assume the role
New funds focus on travel and clean energy sectors
Investors must decide whether to favour growth equities trading at lofty earnings multiples or more modestly valued segments that should benefit from an economic revival
The tool leverages data collected from high-net-worth investors
Reforms developed for industry were rejected in a public consultation
The regulator found the firm's compensation structure favoured in-house funds
Executive pay raises also remain on hold for now
Little room for upside, lots of potential for downside in banks' ratings
Consumer spending at year-end returned to springtime lows
After slumping last year, payouts expected to grow 6.5% in 2021
Address change would be temporary until quarantine efforts are lifted
We haven’t been through anything like this, but we’ve been through similar crises and recovered
So-called IEOs may be rife with the same misconduct associated with ICOs