Fed faults Silicon Valley Bank execs, itself in bank failure
SVB “remained well-rated, even as conditions deteriorated,” central bank report says
- By: Christopher Rugaber, The Associated Press, Ken Sweet
- April 28, 2023 April 28, 2023
- 14:29
Latest news in Industry News
After economy posts strong start to 2023, new data suggests slowdown has begun
February growth below forecast with contractions in manufacturing, wholesale and retail trade
- By: Nojoud Al Mallees, Canadian Press
- April 28, 2023 April 28, 2023
- 12:55
Participating whole life: What it can and can’t accomplish
Advisors should “show a less rosy picture” than the DSIR
- By: Greg Meckbach
- April 28, 2023 April 28, 2023
- 12:36
A key inflation gauge tracked by Fed remained high in March
Inflation slowed to 4.2% but much of that reflects lower gas prices
- By: Christopher Rugaber, The Associated Press
- April 28, 2023 April 28, 2023
- 11:00
AMF priorities for year ahead include crypto, total cost reporting
The Quebec regulator also plans to improve complaint handling and financial literacy
- By: IE Staff
- April 27, 2023 April 27, 2023
- 16:31
CI Financial sells stake in Boston-based RIA Congress
Toronto-based firm said it would use proceeds from the sale to pay down debt
- By: Rudy Mezzetta
- April 27, 2023 April 27, 2023
- 16:18
Bank regulator says no indicators of liquidity shock re-emerging
However, banking sector isn't fully in the clear, superintendent said
- By: The Canadian Press
- April 27, 2023 April 27, 2023
- 16:15
Mild recession on tap for 2023: CPA survey
Executive-level business leaders say inflation is an ongoing struggle
- By: IE Staff
- April 27, 2023 April 27, 2023
- 15:46
CFA Institute introduces new data science certificate
Only three percent of investment professionals say they are proficient in AI, CFA Institute finds
- By: Maddie Johnson
- April 26, 2023 April 27, 2023
- 16:24
Feds launch hearing into role of financial firms in rental housing
The move follows pledges to review housing as an asset class
- By: Mark Burgess
- April 26, 2023 April 26, 2023
- 16:07
Considerations when selling insurance to the gig economy
One in 10 Canadians, many lacking employer-sponsored disability coverage, work in the gig economy
- By: Greg Meckbach
- April 26, 2023 April 26, 2023
- 15:30
Planners need to see ‘the bigger picture’ on RRIF withdrawals, study says
Financial planners must consider the complexity of client circumstances, according to research from FP Canada's foundation
- By: Allan Janssen
- April 26, 2023 April 26, 2023
- 14:35
Swiss indict 2 managers of Saudi oil company in 1MDB scandal
Two PetroSaudi managers were accused of trying to enrich themselves by misappropriating at least US$1.8 billion
- By: The Associated Press
- April 25, 2023 April 25, 2023
- 14:14
UBS reaps US$28B in new money amid Credit Suisse fallout
Client inflows at UBS came in marked contrast to the US$69 billion in outflows that Credit Suisse reported Monday
- By: Jamey Keaten, The Associated Press
- April 25, 2023 April 25, 2023
- 14:05
CORRA takes the lead in derivatives
Adoption of the new financial benchmark well underway
- By: James Langton
- April 25, 2023 April 25, 2023
- 12:55
CIRO it is: SRO members approve new name
Firms will have until Dec. 31, 2024, to adopt the name and logo on required disclosures
- By: Mark Burgess
- April 24, 2023 April 24, 2023
- 17:17
What’s behind the looming ‘x-date’ on the U.S. debt limit?
Some investors are getting worried after more than three months have passed with little progress
- By: Josh Boak
- April 24, 2023 April 24, 2023
- 16:42
NEO Exchange rebranded as Cboe Canada
The exchange was acquired last year by Chicago-based Cboe
- By: IE Staff
- April 24, 2023 April 24, 2023
- 16:13
Credit Suisse saw US$69 billion in outflows at start of 2023
Turmoil at the bank has simmered down, but challenges for Credit Suisse and the takeover deal have not
- By: Jamey Keaten, The Associated Press
- April 24, 2023 April 24, 2023
- 12:00
Government tables second budget implementation bill
Changes to RESPs and RDSPs are included in the legislation, as well as leeway to increase the CDIC limit
- By: Melissa Shin
- April 21, 2023 April 24, 2023
- 15:40
Credit Suisse investors sue after facing billions in losses
Bond writedown allegedly "undermines international confidence” in Swiss financial center: Plaintiffs
- By: Courtney Bonnell, The Associated Press
- April 21, 2023 April 21, 2023
- 15:20
Canadian consumers pull back on spending amid high prices, interest rates: Experts
February retail sales down 0.2% overall, clothing and accessories up 4.4%
- By: Brett Bundale
- April 21, 2023 April 21, 2023
- 12:12
Taxpayers with complex issues face biggest headaches during CRA strike
The agency said all paper returns “will be stockpiled for future processing"
- By: Rudy Mezzetta
- April 20, 2023 April 20, 2023
- 16:48
Bank regulator action on climate change “overdue and now urgent”: audit
Auditor recommends OSFI sets clearer guidance about the information banks must report in their transition plans
- By: The Canadian Press, IE Staff
- April 20, 2023 April 20, 2023
- 15:02
TD says it’s still in talks on extending First Horizon deal but offers little detail
At the bank's annual meeting, shareholders were left with few answers on the US$13.4-billion takeover
- By: The Canadian Press
- April 20, 2023 April 20, 2023
- 13:42