TARGET2 successfully launched, ECB says
New central payment system begins operations
- By: James Langton
- November 19, 2007 November 19, 2007
- 09:30
Latest news in Industry News
Banks’ credit losses could hit US$400 billion, Goldman Sachs economist says
U.S. could face US$2 trillion lending shock
- By: IE Staff
- November 18, 2007 November 18, 2007
- 16:45
Ontario court certifies class action against TD Bank over Visa FX fees
Cardholders made purchases in foreign currencies from 1986-2003
- By: IE Staff
- November 16, 2007 November 16, 2007
- 14:25
Bank of Montreal to take $320 million in debt-market writedowns
Bank to book $110 million gain on sale of Visa shares
- By: IE Staff
- November 16, 2007 November 16, 2007
- 09:20
Global asset management M&A activity hits record highs
Buyers of asset management firms spent more than US$46.7 billion in 208 transactions globally year-to-date
- By: James Langton
- November 15, 2007 November 15, 2007
- 14:55
Desjardins takes $160 million commercial paper writedown
Profit falls 24% to $248 million
- By: IE Staff
- November 15, 2007 November 15, 2007
- 14:15
PMI Canada to enter Canada’s mortgage-backed securities market
Firm gets approval from CMHC
- By: IE Staff
- November 15, 2007 November 15, 2007
- 12:55
Sun Life Financial streamlines reporting obligations
Guarantees certain obligations of Sun Life Assurance
- By: IE Staff
- November 15, 2007 November 15, 2007
- 12:40
Bank of Montreal completes integration of bcpbank Canada branches
Eight branches converted
- By: IE Staff
- November 15, 2007 November 15, 2007
- 12:25
Fund sales a strong $2.4 billion in October
Investors flock to money market funds: IFIC
- By: James Langton
- November 15, 2007 November 15, 2007
- 12:10
DundeeWealth reports $121.4 million Q3 loss
Records charges for sale of Dundee Bank, writedown of ABCP
- By: IE Staff
- November 15, 2007 November 15, 2007
- 11:45
Moody’s considers downgrade for Bear Stearns
Investment bank forecasts Q4 loss of US$1.2 billion
- By: James Langton
- November 15, 2007 November 15, 2007
- 11:15
Street Capital sets up mortgage lending shop in Ontario
Firm is targeting alternative mortgage market
- By: IE Staff
- November 15, 2007 November 15, 2007
- 10:40
HSBC profits ahead of last year despite writedowns, says Fitch
Bank is less active in areas of those structured credit markets that have given rise to substantial writedowns
- By: James Langton
- November 14, 2007 November 14, 2007
- 16:45
CFA Institute Centre releases educational brochure for hedge fund investors
Publication provide information to retail investors on hedge fund risks
- By: IE Staff
- November 14, 2007 November 14, 2007
- 15:40
Western Financial Group revenue up 35%
Western Financial Group today reported improved operating and financial results for the nine months ended September 30.For the nine months, revenue increased 35.0% to $80.8…
- By: IE Staff
- November 14, 2007 November 14, 2007
- 15:30
New IBC head calls for improved regulation of insurance industry
Changes need to better protect Canadians in ever-riskier world, Yakubuski says
- By: IE Staff
- November 14, 2007 November 14, 2007
- 14:10
Ontario to create $165 million venture capital fund
Fund to attract investment In high-growth companies
- By: IE Staff
- November 14, 2007 November 14, 2007
- 11:25
Short-risks have increased for European banks: report
The European Central Bank published a report on EU banking sector stability, warning that short-term risks have increased.The report was prepared by the Banking Supervision…
- By: James Langton
- November 14, 2007 November 14, 2007
- 10:50
U.S. banks able to meet funding of sponsored Structured Investment Vehicles, Fitch says
Majority of banks have adequate capital to absorb SIVs under a worst-case-scenario
- By: James Langton
- November 14, 2007 November 14, 2007
- 10:20
Mining and exploration companies support single securities regulator: survey
PDAC members call for separate set of securities laws for junior companies
- By: IE Staff
- November 14, 2007 November 14, 2007
- 08:30
Scotiabank to take subprime charge in Q4
Bank of Nova Scotia today announced that in its fourth quarter 2007 results there will be mark-to-market write-downs on non-Bank asset-backed commercial paper (ABCP) and…
- By: IE Staff
- November 13, 2007 November 13, 2007
- 15:45
Jovian loss narrows in second quarter
$1.9 million increase in revenue compared to same quarter last year
- By: IE Staff
- November 13, 2007 November 13, 2007
- 15:15
RBC to record subprime charge; softens impact with Visa gain
Net impact on fourth quarter earnings expected to be modest
- By: IE Staff
- November 13, 2007 November 13, 2007
- 10:10