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
Latest news in Industry News
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
M&A activity among asset managers climbs in Q3 amid financial crisis
Consolidation expected among hedge fund companies and other alternative asset managers
- By: IE Staff
- October 7, 2008 October 7, 2008
- 08:20
Citigroup, Wells Fargo, Wachovia agree to standstill
Citi had filed a complaint against the other two earlier in the day seeking US$60 million in damages
- By: James Langton
- October 6, 2008 October 6, 2008
- 16:02
Investment funds associations meet to discuss economic and demographic trends
Delegates from over 30 countries gather in Montreal
- By: IE Staff
- October 6, 2008 October 6, 2008
- 11:35
Allianz to invest US$2.5 billion in Hartford
Insurance and financial service firm warns of Q3 loss
- By: James Langton
- October 6, 2008 October 6, 2008
- 09:35
Sun Life sells stake in CI to Scotiabank for $2.3 billion
Timing of deal raises concern among analysts
- By: James Langton
- October 6, 2008 October 6, 2008
- 08:10
Citigroup to take on Wells Fargo in Wachovia deal
Citi says it had exclusivity agreement with Wachovia; it has also been providing liquidity to the bank since Monday
- By: James Langton
- October 5, 2008 October 5, 2008
- 16:10