A proposal from accounting standards bodies to overhaul financial statements contains several good points, but needs refinement, Fitch Ratings says.Last year, the Financial Accounting Standards…
Waring to stay on as chief investment officer
AUM post streep drop in second quarter
Quarterly profit dropped at Power Financial Corp. as its subsidiaries suffered from stock losses and credit charges, the Montreal-based financial services holding company said Tuesday.Power…
Investment dealer plans to increase Toronto area branch offices by almost 200%
Crisis point in Canada’s venture industry reached, says CVCA president
Highlighting the increasingly important role of emerging market players in the global financial industry, the Institute of International Finance’s Steering Committee on Regulatory Capital has…
Financial services holding company Fairfax Financial has agreed to increase its investment in The Brick Group Income Fund, Fairfax said Monday.Under a private placement, Fairfax,…
Proposed fixed would increase capital requirements in booming economies and decrease those requirements in strained ones
Sun Life Financial’s 2008 Public Accountability Statement is now available on the company’s website, Sun Life said Monday.The report outlines Sun Life’s dedication to social…
Shareholders of Oppenheimer Holdings Inc. have approved a proposition to move the domicile of the corporation from Canada to the United States, Oppenheimer said Monday.Oppenheimer,…
Canada’s competitiveness depends on how we mobilize female talent
The trustee for Bernie Madoff’s brokerage firm is establishing a program for hardship cases to recover some of their money as soon as possible.Irving Picard,…
Wells Fargo, Morgan Stanley to issue common shares
Change to corporate structure better positions company for growth, Sullivan says
Positive momentum extending to Q2
Insurer to exit the Canadian cross-border trucking business
Base management fees down 28%
Regulators call on banks to raise US$75 billion
Promising signs at quarter-end as March fund sales rise
Scotiabank to issue $650 million of Scotiabank Tier 1 Trust securities
First quarter engagement report now available
AIG Financial Products Corp. has completed the sale of its commodity index business to UBS Investment Bank, the unit of American International Group said Thursday.Under…