Citigroup acquires Wachovia’s banking operations
“Action was necessary to maintain confidence in the banking industry”
- By: James Langton
- September 29, 2008 September 29, 2008
- 08:17
Latest news in Industry News
IFIC: Islamic funds begin to take hold
The market is surging worldwide and assets are expected to double to US$1.4 trillion in less than two years
- By: Olivia Glauberzon
- September 28, 2008 September 28, 2008
- 13:18
Sun Life reveals exposure to WaMu
The Toronto-based insurer has $270 million of exposure to the now-failed bank
- By: Megan Harman
- September 28, 2008 September 28, 2008
- 10:40
IAFP board to review IIROC’s financial planning rule
IAFP board finds rule to be far too narrow
- By: IE Staff
- September 28, 2008 September 28, 2008
- 08:28
JPMorgan acquires WaMu
JPM also announced that it intends to offer US$8 billion of its common stock to bolster its capital
- By: James Langton
- September 28, 2008 September 28, 2008
- 08:00
FPSC enhances governance structure
Board changes give a stronger voice to public interest and provide CFPs more input
- By: IE Staff
- September 25, 2008 September 25, 2008
- 16:02
IFIC: Mutual funds still inspire confidence
IFIC survey finds that clients rely more on their advisors during times when the going gets tough
- By: Megan Harman
- September 25, 2008 September 25, 2008
- 14:17
Foresters acquires BPO business
Transaction gives Unity Life control of administration of its business
- By: IE Staff
- September 25, 2008 September 25, 2008
- 09:48
IFIC: Do Not Call List could have significant costs
Businesses will have 31 days to comply with the new legislation, after which failures to comply could result in fines as steep as $15,000 per…
- By: Megan Harman
- September 24, 2008 September 24, 2008
- 16:26
CIPF and China Securities Investor Protection Fund sign co-operation agreement
Canada is the first country to enter into an understanding with China’s SIPF to deal with brokerage insolvencies
- By: IE Staff
- September 24, 2008 September 24, 2008
- 16:08
IFIC: Predicting advisor and investor behaviour
Having less choices allows an advisor to make better decision for his or her clients
- By: Olivia Glauberzon
- September 24, 2008 September 24, 2008
- 16:07
IFIC: Demographic shifts altering investment landscape
Unprecedented level of interconnection and interdependence between generations will giver rise to changing investment demands in the next few years
- By: Megan Harman
- September 24, 2008 September 24, 2008
- 13:40
AGF reports 4.3% increase in net income in Q3
But revenue, EBITDA and AUM decline due to stock market volatility
- By: IE Staff
- September 24, 2008 September 24, 2008
- 09:35
Central banks set to inject more liquidity
The temporary reciprocal currency arrangements aim “to address elevated pressures in U.S. dollar short-term funding markets.”
- By: James Langton
- September 24, 2008 September 24, 2008
- 09:19
IFIC: Experts not worried about Do Not Call List legislation
But they also added that the changes to the point-of-sale disclosure are impractical for the mutual funds business
- By: Olivia Glauberzon
- September 24, 2008 September 24, 2008
- 08:20
IFIC: Mutual fund companies focus on safety
Hard asset funds, payout portfolios, enhanced balanced funds and hybrids are the products of choice for today’s clients
- By: Olivia Glauberzon
- September 23, 2008 September 23, 2008
- 18:00
IFIC: Regulators defend changes to point-of-sale disclosure regulations
The new framework will allow firms to customize the requirements according to their business models
- By: Megan Harman
- September 23, 2008 September 23, 2008
- 17:21
IFIC: Balanced funds helping Canadians weather volatility
Organization aims to focus on changing two national instruments that apply to mutual funds in the coming year
- By: Megan Harman
- September 23, 2008 September 23, 2008
- 14:42
IFIC: New chairman to focus on two key priorities
Oliver Murray of Brandes aims to develop and enhance mutual fund proposition and to improve dialogue with regulators
- By: Megan Harman
- September 23, 2008 September 23, 2008
- 14:31
Scotiabank completes E*Trade Canada acquisition
The buyout significantly increases the bank’s scale in the Canadian online investment market
- By: IE Staff
- September 22, 2008 September 22, 2008
- 15:50
Pacific & Western Bank closes another $43.1 Million of insured residential mortgages
This move brings the bank’s total insured mortgages to $169 million
- By: IE Staff
- September 22, 2008 September 22, 2008
- 15:42
IFIC conference kicks off
The theme of this year’s version of the annual conference focuses on setting a course through turbulent times
- By: Megan Harman
- September 22, 2008 September 22, 2008
- 15:15
Fairfax Financial amasses $2.1-billion gain on credit-default swap
But the company warns that the credit-default swaps are subject to dramatic swings in market value and liquidity
- By: Megan Harman
- September 22, 2008 September 22, 2008
- 13:12
Deal with National Bank Financial gives Wellington West necessary resources
The Winnipeg-based brokerage will now make acquisitions of its own after receiving $35.8 million from National Bank Financial for its purchase of 12.5% of Wellington…
- By: Geoff Kirbyson
- September 22, 2008 September 22, 2008
- 10:12