Canada’s Accounting Standards Oversight Council (AcSOC) has expressed full support for the ongoing efforts of the International Accounting Standards Board (IASB) to develop a globally…
P&C insurer takes $62 million hit from declining investments
October poised to be the worst month in history for fixed income arbitrage managers
Proposal establishes a more detailed risk management process that identifies, monitors, and analyzes the risk position and exposure of a manager
The Goldman Sachs Group has agreed to purchase the majority of the carbon offset portfolio of E+Co, a non-profit investment company that provides business support…
O’Shaughnessy Asset Management (OSAM) has bought back a 10% equity stake from a subsidiary of J.P. Morgan, which it acquired through its purchase of Bear…
Firm has fared very well given market conditions, CEO says
Holding company boosts dividend
Bank pays $35.8 million for 12.5% interest
CE module designed to provide advisors with a deeper understanding of fund’s coverage
TMX Group Inc. CEO Thomas Kloet will begin purchasing common shares of TMX Group to achieve the company’s equity ownership requirements, the corporation reported Monday.…
Insurance giant posts US$24.5 billion loss
Five U.S. financial industry trade associations Friday unveiled an industry survey that examines more than 400 firms’ views of participation in the U.S. bank bailout…
Association recommends pension solvency funding period be increased
The performance of credit cards in Canada softened slightly in the second quarter of 2008, but showed remarkable stability compared to the performance of credit…
Bank takes $20 million charge on sale of car loan portfolio
Layoffs made to reduce costs in “changing economic times”
Amendments codify some of the existing practices in the industry
Insurer obtains $3 billion loan financing from banks
William Woods appointed managing director
Revenue slides 30% as investors stay on the sidelines
AUM drop by $1.2 billion during the quarter
Volatile markets eat into revenue
Emphasis on relationship building makes clients more comfortable providing accurate information about their finances