Latest news in Industry News

CIBC to redeem subordinated indebtedness

CIBC intends to redeem all $750 million of its 4.25% Debentures due June 1, 2014, the bank said Wednesday.In accordance with their terms, the debentures…

By: IE Staff
April 22, 2009 April 22, 2009
15:25

A.M. Best assigns ratings to two Manulife debt offerings

A.M. Best Co. has assigned a debt rating of “aa-” to the issuance of $600 million 7.768% medium-term notes due 2019 of Manulife Financial Corp.,…

By: IE Staff
April 22, 2009 April 22, 2009
14:05

Special report: How low will U.S. auto sales go?

The answer will determine the size of the North American auto industry (IE:TV)

By: Catherine Harris
April 22, 2009 April 22, 2009
08:57

Credit Suisse unveils asset management global institutional distribution team and strategy

McCann appointed managing director covering Canadian institutional clients

By: James Langton
April 22, 2009 April 22, 2009
08:35

Morgan Stanley swings to a quarterly loss

Revenues plunge 62% from a year ago

By: IE Staff
April 22, 2009 April 22, 2009
08:30

Canadian pensions extend losses in first quarter

Global equity was the worst performing asset class during the quarter

By: IE Staff
April 22, 2009 April 22, 2009
08:10

Royal Bank announces $300 million preferred share issue

Series AX shares to yield 6.1% annually

By: IE Staff
April 21, 2009 April 21, 2009
15:30

Western Financial completes convertible debenture financing

Western Financial Group Inc. has completed its previously announced domestic convertible debenture financing, the company said Tuesday. The financing was completed by way of private…

By: IE Staff
April 21, 2009 April 21, 2009
14:55

CGA-Canada co-sponsors forum on the future of financial regulation

Expert panel will debate regulatory reform

By: IE Staff
April 21, 2009 April 21, 2009
11:10

TD Ameritrade reports lower profit

Online brokerage expected to contribute $48 million to TD Q2 profit

By: IE Staff
April 21, 2009 April 21, 2009
09:25

IMF estimates for asset writedowns climb to US$2.7 trillion

Failure to deal with problems could exacerbate the global economic slowdown, IMF warns

By: James Langton
April 21, 2009 April 21, 2009
08:18

OMERS chief calls for pension fund consolidation

Superfund would be able to make substantially larger infrastructure investments

By: Kate Betts-Wilmott
April 21, 2009 April 21, 2009
07:30

Banks’ preferred shares ratings under review: DBRS

Review prompted by methodology change

By: IE Staff
April 21, 2009 April 21, 2009
07:05

Great-West Lifeco ratings affirmed

Outlook is stable, Fitch says

By: James Langton
April 20, 2009 April 20, 2009
15:42

DB pension plans in a funding crisis, execs say

Insufficient retirement savings seen as growing threat to sustainability of DC plans

By: IE Staff
April 20, 2009 April 20, 2009
12:10

Global economic leaders gather in Chicago to advance financial literacy

Flaherty attends Financial Literacy Summit

By: IE Staff
April 20, 2009 April 20, 2009
10:29

Jovian share consolidation set for April 29

Jovian Capital Corp. is proceeding with the proposed consolidation of its common shares and has set April 29, 2009, as the effective date, the company…

By: IE Staff
April 20, 2009 April 20, 2009
10:00

UBS selling Brazilian unit for US$2.5 billion

Deal will strengthen UBS’s capital

By: James Langton
April 20, 2009 April 20, 2009
07:30

Russell Canada trims workforce

Cuts part of 400 layoffs worldwide

By: Kate Betts-Wilmott
April 19, 2009 April 19, 2009
15:21

Goodwill charge won’t impact ratings for RBC: Moody’s

The big goodwill impairment charge announced by Royal Bank of Canada won’t affect its ratings or outlook, Moody’s Investors Service said Friday. The bank announced…

By: James Langton
April 19, 2009 April 19, 2009
14:50