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…
Purchasing mortgage pools "a safe, efficient and economic way of facilitating credit markets"
CEO Leroux to host online chat session
Wells Fargo to proceed with acquisition
IIFA conference wraps in Montreal
Volume-based trading fee schedule reduces costs for investment dealers
Managing director Salvati to based in Switzerland
Since the onset of the credit crisis market cap has plunged almost US$3 trillion
Major governments are taking aggressive steps to directly shore up bank capital
Repurchase offer extended to 2,200 U.S. retail brokerage clients
Curtailment of packaging assets and selling them as securities would require big hike in loan loss reserves at U.S. banks
Association calls on regulators to create a model that can operate for both the mutual fund and securities industries
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…
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…
Most existing trusts will either convert to publicly held corporations or will go private
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…
US$675 billion in capital needed by the major global banks to keep private sector credit growing
Consolidation expected among hedge fund companies and other alternative asset managers
Citi had filed a complaint against the other two earlier in the day seeking US$60 million in damages
Delegates from over 30 countries gather in Montreal
Insurance and financial service firm warns of Q3 loss
Timing of deal raises concern among analysts
Citi says it had exclusivity agreement with Wachovia; it has also been providing liquidity to the bank since Monday