Versant Partners granted relief to maintain registration during reorganization
Firm will be granted “inactive status” once sale of assets to Cantor Fitzgerald is complete
- By: James Langton
- August 30, 2012 August 30, 2012
- 12:55
Latest news in Industry News
CIBC buys Griffis & Small
Acquisition of energy advisory firm expands CIBC’s U.S. footprint
- By: James Langton
- August 30, 2012 August 30, 2012
- 10:35
DBRS confirms Scotiabank ratings
ING acquisition helps the bank grow its personal-deposit market share
- By: James Langton
- August 30, 2012 August 30, 2012
- 10:25
CIBC reports net income of $841 million in third quarter
Revenue up 2% from Q3 2011
- By: The Canadian Press
- August 30, 2012 August 30, 2012
- 08:00
Royal Bank earnings surge 73%
Bank posts highest ever quarterly profit of $2.24 billion
- By: The Canadian Press
- August 30, 2012 August 30, 2012
- 07:30
TD Bank profit rises to $1.7B in Q3
Bank will increase its quarterly dividend by five cents to 77 cents
- By: The Canadian Press
- August 30, 2012 August 30, 2012
- 07:20
New regulations for MGAs
- By: John Hamilton
- August 30, 2012 December 15, 2017
- 06:00
Ontario court dismisses appeal in Raillery hedge fund case
Plaintiffs not required to post security for costs
- By: James Langton
- August 29, 2012 August 29, 2012
- 16:35
Scotiabank to buy ING Bank of Canada for $3.13B
Public offering of 29 million common shares will fund the acquisition
- By: The Canadian Press
- August 29, 2012 August 29, 2012
- 15:30
MGA consolidation looms amid heightened regulation
Growing compliance costs could push smaller players out of the market
- By: Olivia Glauberzon
- August 29, 2012 August 29, 2012
- 15:10
Citigroup to pay US$590M in class action settlement
Bank continues to deny allegations of disclosure failures
- By: James Langton
- August 29, 2012 August 29, 2012
- 15:05
Manulife Financial acquires Wellington West Financial Services
Dealer adds 39 advisors and $900M in assets to Manulife Securities
- By: IE Staff
- August 29, 2012 August 29, 2012
- 11:15
Extension granted in Morgan Stanley Smith Barney deal
New deadline of Sept. 10 for determining purchase price of additional 14% stake
- By: James Langton
- August 29, 2012 August 29, 2012
- 09:30
Earnings up for U.S. life insurers
Low interest rates, market volatility could hinder future earnings growth
- By: James Langton
- August 28, 2012 August 28, 2012
- 16:15
Insurers call for clarity on proposed MGA rules
Firms, associations respond to CCIR’s recommended changes to the independent distribution channel
- By: Olivia Glauberzon
- August 28, 2012 August 28, 2012
- 13:30
NYSE dealers report sharply lower profits in Q2
Only 92 firms were profitable in Q2, compared to 116 in Q1
- By: James Langton
- August 28, 2012 August 28, 2012
- 12:20
Economist advises against abandoning constant NAV money market funds
Variable NAV structure less vulnerable to runs, but doesn’t eliminate run-like behaviour
- By: James Langton
- August 28, 2012 August 28, 2012
- 12:15
Franklin Templeton receives $1.2B mandate from MD Physician Services
Garey Aitken, Tim Caulfield to co-manage Canadian equity mandate
- By: IE Staff
- August 28, 2012 August 28, 2012
- 11:55
Cantor Fitzgerald to acquire Versant Partners team
Deal “significantly expands” Cantor’s capacity to serve Canadian companies
- By: IE Staff
- August 28, 2012 August 28, 2012
- 09:50
Large hedge funds attract assets
Standalone funds grew in the first half of 2012, while funds of hedge funds contracted
- By: James Langton
- August 28, 2012 August 28, 2012
- 09:15
Scotiabank Q3 net earnings soar 57%
Total revenue rises to $5.59B from $4.3B
- By: David Friend
- August 28, 2012 August 28, 2012
- 07:50
BMO profits rise to $970M in Q3
Bank to boost dividend by two cents to 72 cents per share
- By: David Friend
- August 28, 2012 August 28, 2012
- 07:30
Insurance agent licensing to be harmonized
Review reveals that existing LLQP and AMF licensing programs are over 90% similar
- By: Olivia Glauberzon
- August 27, 2012 August 27, 2012
- 14:40
Fed considers delaying stress test requirements
Smaller banks may need more time to develop “high-quality stress testing programs”
- By: James Langton
- August 27, 2012 August 27, 2012
- 13:45