DFS profit soars on rising sales
Savings division sales hit new record of $1.5 billion in 2009
- By: Megan Harman
- March 16, 2010 March 16, 2010
- 10:33
Savings division sales hit new record of $1.5 billion in 2009
Wealth management business slower to recover, but gains momentum in Q4
Balanced funds rake in $3.7 billion
Revenue jumps 33% in 2009
Company continues to expand distribution of investment loan programs
Qtrade to provide mutual fund dealer, online brokerage services to TCU
Scores indicate plenty of room for improvement by all discount brokerages
Appointments come as company works to convert to a bank
Despite decline in revenue, profit rises to $340 million
Annual revenue drops on lower management fees, performance fees
Siam City Bank to merge with Scotiabank's existing Thai affiliate
Sales of guaranteed-interest products surge by more than 200% in 2009
New mandate has a total value of $40 billion
Proceeds of offering to provide additional capital to Co-operators’ subsidiaries
Global research will identify investment risks, opportunities related to climate change
Solid banking system and economic recovery support rating
Four of five banks’ quarterly earnings beat expectations
Canadian banking operations report record net income
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