HSBC Finance Corp. today said it is getting out of the U.S. subprime wholesale mortgage business, a move that will affect 750 employees.The firm will…
Grey Island Systems International Inc. today said it is now ranked among the Deloitte Technology Fast 50, a ranking of the fastest-growing technology companies in…
Unitholders of MD US Large Cap Growth Fund and MD US Large Cap Value Fund have voted in favour of changes to the investment objectives…
The Investment Dealers Association said it has imposed $795,000 in discipline penalties on National Bank Financial for violations of various bylaws and regulations.The penalty, plus…
IBM Corp. today said it signed a $480 million multi-year agreement to manage Scotiabank’s information technology operations, including data centres, branches, automatic banking machines and…
The Goldman Sachs Group Inc. weathered the credit market storm much better than many firms, such as rival Bear Stearns Cos Inc., today reporting a…
London Stock Exchange Group PLC today said the Qatar Investment Authority has acquired a 20% holding in the company. The exchange said its board is…
Nasdaq and the Borse Dubai, rather than fighting over the OMX Group, are teaming up to create a new global exchange that includes all three…
Canada’s Provincial Credit Union Centrals and Desjardins Group today said they have created a partnership aimed at increasing the growth rate of The Ethical Funds…
TD Asset Management Inc. today said it has established an independent review committee to act as an impartial judge to review any potential conflicts of…
Investment bank Morgan Stanley today reported lower net income for its third quarter, as its results were stung by the impact of the credit crunch.The…
Oceanex Income Fund today said it reached an agreement to sell all of its assets to South Coast Partners Limited Partnership at a price equalling…
Money management firm cites new assets and cost containment
Funds wants to alter mix of non-venture investments, add new shares
Fund company receives approval to change investment objectives
Amex Bank of Canada today said it is not affected by news that American Express has agreed to sell its international banking subsidiary American Express…
Bank’s move will bolster its position in the wealth management business
Second-quarter net profit lower despite higher revenues
New service will help Canadian exporters and importers
Variety of factors pushed many funds lower during the month
Fund industry’s first setback since October 2004 sparked by volatile markets
Firm cites ongoing market volatility in third quarter
Decision to provide support reflects difficulty firm has had in accessing longer-term funding
Nine out of 10 money managers in Canada plan to use alternative marketplaces for some of their equity trading in 2008, a big jump from…
Goldman Sachs, Acker Finlay also gain access to Pure Trading, which launched on Friday