A.M. Best withdraws ratings of two AEGON NV U.S. subsidiaries
Entities merged with and into Transamerica Life Insurance Co.
- By: IE Staff
- October 3, 2008 October 3, 2008
- 14:18
Latest news in Industry News
UBS to focus on core businesses
Swiss firm to exit commodities, downsize real estate and securitization and proprietary trading, among others
- By: James Langton
- October 3, 2008 October 3, 2008
- 09:35
Wells Fargo to buy Wachovia
Deal requires no financial assistance from the FDIC or any other government agency
- By: James Langton
- October 3, 2008 October 3, 2008
- 09:26
Transaction to limit CIBC’s exposure to U.S. subprime mortgage crisis
Portfolio investment by Cerberus will allow CIBC to reduce downside risk while preserving upside potential
- By: IE Staff
- October 3, 2008 October 3, 2008
- 08:39
Mutual funds suffer massive net redemptions in September
But some companies saw modest positive net sales while bank-owned firms took a nosedive
- By: James Langton
- October 2, 2008 October 2, 2008
- 16:29
Flames Captain Jarome Iginla joins Scotiabank as special advisor
The NHL star will focus on promoting the launch of Scotiabank’s ScotiaHockey Visa in person and on TV commercials
- By: IE Staff
- October 2, 2008 October 2, 2008
- 12:45
CIAs reveal 2008 analysts and jurors
Winners to be announced at gala event on Dec. 3 in Toronto
- By: IE Staff
- October 2, 2008 October 2, 2008
- 09:54
All long-term fund indices suffered losses in September: Morningstar data
Energy, equity, U.S. funds were pummelled during the month as the financial crisis spread
- By: IE Staff
- October 2, 2008 October 2, 2008
- 08:08
P.E.I. allows advisors to incorporate
Newfoundland and Labrador and Alberta are the two remaining holdouts in allowing advisors to adopt the business structure
- By: IE Staff
- October 1, 2008 October 1, 2008
- 14:29
Crisis sparks financial services M&A
The financial services sector has gone from being the quietest sector in M&A to the busiest in a very short period of time
- By: James Langton
- October 1, 2008 October 1, 2008
- 14:23
CGI joins Banking Industry Architecture Network
CGI plans to help BIAN by contributing expertise in building enterprise-wide service-oriented architecture
- By: Megan Harman
- October 1, 2008 October 1, 2008
- 10:13
NYSE Euronext completes acquisition of Amex
NYSE Euronext will now operate a dual market structure offering
- By: James Langton
- October 1, 2008 October 1, 2008
- 09:43
Man Investments opens Calgary office
The office will act as a hub to Western Canada
- By: Megan Harman
- October 1, 2008 October 1, 2008
- 09:31
Morgan Stanley reaches deal to sell off 21% stake
The US$9 billion investment will bolster Morgan Stanley’s capital and liquidity positions
- By: James Langton
- September 29, 2008 September 29, 2008
- 15:26
Advocis moves forward on Do Not Call List legislation
Advocis is aiming to ensure that members are compliant and can effectively continue to do business as the rules come into effect
- By: IE Staff
- September 29, 2008 September 29, 2008
- 14:24
Small investor organization launches
The Canadian Foundation for the Advancement of Investor Rights aims to represent investors in securities regulation
- By: IE Staff
- September 29, 2008 September 29, 2008
- 12:33
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
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