Latest news in Industry News

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

Wellington Financial portfolio company acquired by Dutch software firm

Specialty finance firm Wellington Financial LP today announced that Wellington Financial Fund II portfolio company Longview Solutions Inc. of Toronto has been acquired by Exact…

By: IE Staff
November 12, 2007 November 12, 2007
14:30

Manulife honored at Asia Insurance Review Awards

Company named Life Insurance Company of the Year

By: IE Staff
November 12, 2007 November 12, 2007
11:10

FPSC calls for nominations for
Don Johnston award

Submission due by Dec. 21

By: IE Staff
November 11, 2007 November 11, 2007
14:55

SIFMA announces board of directors

Association elects officers

By: James Langton
November 9, 2007 November 9, 2007
11:30

Xceed Mortgage to take year-end ABCP charge

After-tax valuation adjustment of $17 million to $20 million

By: IE Staff
November 9, 2007 November 9, 2007
10:35

CIBC to take hit from U.S. mortgage meltdown

CIBC to report VISA gain, U.S. mortgage writedowns in Q4

By: IE Staff
November 9, 2007 November 9, 2007
09:10

Kingsway reports lower Q3 income

U.S. Lincoln General unit reports underwriting loss

By: IE Staff
November 8, 2007 November 8, 2007
16:50

Power Financial profit slips after year-ago-gain

Operating income rises despite lower premium and investment income

By: IE Staff
November 8, 2007 November 8, 2007
12:20

Morgan Stanley reveals US$3.7 billion subprime hit

Wall Street firm expects to deliver solid Q4 results in other business units

By: James Langton
November 8, 2007 November 8, 2007
09:30

Majority of Canadians satisfied with their mortgages: survey

Longer amortization, flexible terms keep mortgage industry buoyant

By: IE Staff
November 7, 2007 November 7, 2007
11:55

UBS overhauls management of its international wealth management business

UBS AG is shaking up the management of its international wealth management businesses.The firm announced that the existing international wealth management business will be divided…

By: James Langton
November 7, 2007 November 7, 2007
11:15

GMP Capital Trust profit up 70% in third quarter

Trust declares special cash distribution of 65¢ per unit

By: IE Staff
November 7, 2007 November 7, 2007
10:50

ING Canada Q3 profit falls

Lower underwriting income reflects decline in industry conditions, CEO says

By: IE Staff
November 7, 2007 November 7, 2007
10:35

Industrial Alliance income and sales rise in Q3

Decrease in value of non-bank-sponsored ABCP shaves net income by 9¢ a share

By: IE Staff
November 7, 2007 November 7, 2007
10:20

U.S. finance group urges risk-based approach to regulation

Financial Services Roundtable calls for reform

By: James Langton
November 7, 2007 November 7, 2007
09:50

CI profit rises in third quarter

Net sales soar in October

By: IE Staff
November 6, 2007 November 6, 2007
13:50

Manulife posts strong revenue and earnings growth

Insurer hikes dividend to 24¢ a share

By: IE Staff
November 6, 2007 November 6, 2007
12:40

Unity Life to offer insurance products to Home Trust clients

Deal marks Unity Life’s first entry into the group creditor mortgage protection marketplace

By: IE Staff
November 6, 2007 November 6, 2007
11:15

Maple bonds provide institutional investors with greater opportunity, says IIAC

Association expects to see added holdings in pension plans

By: IE Staff
November 5, 2007 November 5, 2007
16:15

Scotiabank introduces video podcast providing expert advice for investors

New interactive tool helps investors calculate asset mix and foreign investments

By: IE Staff
November 5, 2007 November 5, 2007
14:15

McLean & Partners awards pooled fund outsourcing mandate to CIBC Mellon

CIBC Mellon Global Securities Services Company today announced its appointment by McLean & Partners Wealth Management Ltd. to act as the company’s asset servicing provider…

By: IE Staff
November 5, 2007 November 5, 2007
13:50