Writedowns hurt J.P. Morgan Q3 results
Investment bank unit sees profits improve
- By: James Langton
- October 15, 2008 October 15, 2008
- 08:40
Latest news in Industry News
CI to convert to a corporation
New corporation would pay quarterly cash dividends at rate of 12¢ a share
- By: IE Staff
- October 15, 2008 October 15, 2008
- 07:55
Sovereign wealth funds group unveils governance principles
Voluntary principles reflect investment practices and objectives
- By: James Langton
- October 14, 2008 October 14, 2008
- 16:10
Central bank efforts address key risks facing U.S. banks, Moody’s
New capital infusion called an effective short-term tool for dealing with financial crisis
- By: James Langton
- October 14, 2008 October 14, 2008
- 15:30
Manulife remains well capitalized despite Q3 charge, D’Alessandro says
Insurer to take $250 million hit from credit losses
- By: Megan Harman
- October 14, 2008 October 14, 2008
- 12:35
OMERS opens London office
Shift to private market assets blunts impact of credit crisis
- By: IE Staff
- October 14, 2008 October 14, 2008
- 11:50
Mitsubishi UFJ closes US$9 billion investment in Morgan Stanley
Equity deal strengthens bank’s capital position: Fitch
- By: James Langton
- October 14, 2008 October 14, 2008
- 07:25
Spain’s Banco Santander buying rest of Sovereign
Spain’s Banco Santander, SA announced Monday that it is buying out the 75% of Sovereign Bancorp Inc., that it didn’t already own.Banco Santander is to…
- By: James Langton
- October 14, 2008 October 14, 2008
- 07:25
CBA supports federal government action on credit markets
Purchasing mortgage pools "a safe, efficient and economic way of facilitating credit markets"
- By: IE Staff
- October 10, 2008 October 10, 2008
- 13:55
Desjardins Group to consult young people online
CEO Leroux to host online chat session
- By: IE Staff
- October 10, 2008 October 10, 2008
- 09:35
Citigroup bows out of battle for Wachovia
Wells Fargo to proceed with acquisition
- By: James Langton
- October 10, 2008 October 10, 2008
- 08:25
Fund industry lends support to efforts to stabilize global financial markets
IIFA conference wraps in Montreal
- By: IE Staff
- October 9, 2008 October 9, 2008
- 14:10
CNQ introduces new fee model
Volume-based trading fee schedule reduces costs for investment dealers
- By: IE Staff
- October 9, 2008 October 9, 2008
- 13:30
BMO Capital Markets beefs up European team
Managing director Salvati to based in Switzerland
- By: James Langton
- October 9, 2008 October 9, 2008
- 13:10
Global banking industry reeling from massive loss of market value: report
Since the onset of the credit crisis market cap has plunged almost US$3 trillion
- By: Megan Harman
- October 9, 2008 October 9, 2008
- 10:05
U.S. may have to follow the U.K. lead and inject capital directly: BCA Research
Major governments are taking aggressive steps to directly shore up bank capital
- By: James Walker
- October 8, 2008 October 8, 2008
- 16:20
RBC offers to buy back auction rate securities
Repurchase offer extended to 2,200 U.S. retail brokerage clients
- By: IE Staff
- October 8, 2008 October 8, 2008
- 12:30
Proposed FASB rule changes could cost banks over US$60 billion in annual earnings, warns TowerGroup
Curtailment of packaging assets and selling them as securities would require big hike in loan loss reserves at U.S. banks
- By: James Langton
- October 8, 2008 October 8, 2008
- 10:50
Allow all dealer reps to incorporate: IIAC
Association calls on regulators to create a model that can operate for both the mutual fund and securities industries
- By: James Langton
- October 8, 2008 October 8, 2008
- 10:00
No plans to back out on Morgan Stanley, MUFG says
Mitsubishi UFJ Financial Group, Inc. today issued a statement in an effort to reassure the market that it intends to go ahead with its US$9…
- By: James Langton
- October 8, 2008 October 8, 2008
- 09:45
A.M. Best affirms ratings of RBC insurance unit
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a+” of Royal Bank of Canada Insurance Company…
- By: IE Staff
- October 8, 2008 October 8, 2008
- 08:15
Equity trusts to disappear by 2011: panel
Most existing trusts will either convert to publicly held corporations or will go private
- By: Megan Harman
- October 8, 2008 October 8, 2008
- 07:45
Standard Life licenses Morningstar Hypothetical Illustrator
The Standard Life Assurance Co. of Canada has licensed Morningstar Hypothetical Illustrator for use by its team of wholesalers. The software is a part of…
- By: IE Staff
- October 7, 2008 October 7, 2008
- 09:25
IMF warns about failure to act decisively on financial turmoil
US$675 billion in capital needed by the major global banks to keep private sector credit growing
- By: James Langton
- October 7, 2008 October 7, 2008
- 08:45