ABN AMRO to cut workforce by 5%
Most of the cuts will affect LaSalle Bank Corp., its subsidiaries, and ABN AMRO’s global businesses in the U.S.
- By: James Langton
- January 2, 2007 January 2, 2007
- 16:55
Latest news in Industry News
OSFI terminates agreement with CIBC
The three-year-old agreement came into place as a result of CIBC’s involvement with Enron Corp.
- By: James Langton
- January 2, 2007 January 2, 2007
- 11:14
TD Banknorth expands presence in northern New Jersey
TD Bank’s U.S. subsidiary completes acquisition of Interchange Financial Services Corp.
- By: IE Staff
- January 2, 2007 January 2, 2007
- 10:04
CIBC buys majority stake in FirstCaribbean International Bank
Pays US$988 million to Barclays’s
- By: IE Staff
- December 22, 2006 December 22, 2006
- 13:40
OSFI releases final versions of capital adequacy guidelines
The Office of the Superintendent of Financial Institutions has issued final capital adequacy guidelines for banks under Basel II.On March 31, OSFI released for industry…
- By: James Langton
- December 22, 2006 December 22, 2006
- 11:20
Majority of customer complaints handled within 1 year, IDA says
85% of complaints resolved within 6 months or less
- By: James Langton
- December 22, 2006 December 22, 2006
- 11:10
Credit Suisse completes sale of insurance unit
Winterthur sold to AXA
- By: James Langton
- December 22, 2006 December 22, 2006
- 10:55
Canaccord renews normal course issuer bid
Firm to buy back up to 5% of outstanding shares
- By: IE Staff
- December 22, 2006 December 22, 2006
- 09:45
B.C. Central taps new source of capital
Credit Union Central of British Columbia (Central) has completed a $50 million issue of 10-year subordinated fixed-floating notes, marking the first time that Central has…
- By: IE Staff
- December 21, 2006 December 21, 2006
- 13:40
U.S. brokerage to pay regulators US$7.7 million for Improper short selling of Compudyne PIPE shares
The National Association of Securities Dealers says brokerage firm Friedman, Billings, Ramsey & Co., Inc. has agreed to pay more than US$7.7 million to the…
- By: IE Staff
- December 21, 2006 December 21, 2006
- 12:30
U.S. GDP Growth revised lower in Q3
Jobless claims rise by 9,000
- By: IE Staff
- December 21, 2006 December 21, 2006
- 09:55
Fitch affirms Great-West Lifeco ratings
Canadian, U.S. and European units continue to produce strong product margins and earnings performance
- By: James Langton
- December 20, 2006 December 20, 2006
- 16:55
Credential, Ethical Funds help send kids home for the holidays
Firms announce financial donation to Covenant House
- By: IE Staff
- December 20, 2006 December 20, 2006
- 15:55
CIBC World Markets raises $12.7 million for children’s charities
Miracle Day generated more than $3.7 in Canada
- By: IE Staff
- December 20, 2006 December 20, 2006
- 15:15
Fund managers increasingly bullish on Canadian stocks
Managers transitioning to cautious optimism for 2007
- By: IE Staff
- December 20, 2006 December 20, 2006
- 10:40
Ratings agencies weigh in on Morgan Stanley plans to spin off Discover card unit
Fitch, DBRS take differing views
- By: James Langton
- December 20, 2006 December 20, 2006
- 09:50
CIBC wins financial innovation award
Back office transformation earns kudos
- By: IE Staff
- December 19, 2006 December 19, 2006
- 12:50
ECB report review new international accounting standards
The European Central Bank published a report today that looks at new international accounting standards from a financial stability perspective.The report was prepared by the…
- By: James Langton
- December 19, 2006 December 19, 2006
- 11:50
Moody’s buys structured finance software developer
Firm to be know as Moody’s Wall Street Analytics
- By: James Langton
- December 19, 2006 December 19, 2006
- 11:35
Morgan Stanley posts record profit
Investment bank to spin off Discover credit card unit
- By: James Langton
- December 19, 2006 December 19, 2006
- 11:20
Holiday spending up 7% so far, report says
Payment network braces for 9 million card transactions on Dec. 23
- By: IE Staff
- December 19, 2006 December 19, 2006
- 09:55
Growth limits for existing trusts welcomed
Most plans put on hold will now be able to proceed, says Ernst & Young
- By: IE Staff
- December 18, 2006 December 18, 2006
- 11:15
Finance Dept. outlines growth guidelines for income trusts
Existing trusts will be allowed to double their equity capital by 2011
- By: IE Staff
- December 17, 2006 December 17, 2006
- 19:50
Merrill Lynch to withdraw Pacific Exchange listing
Merrill Lynch & Co. Inc. today announced plans to withdraw the listing of its common stock from NYSE Arca Inc., formerly the Pacific Exchange.Merrill Lynch’s…
- By: James Langton
- December 15, 2006 December 15, 2006
- 15:55