Latest news in Industry News

Royal Bank acquires Abacus Financial

Deal boosts RBC’s private banking presence in UK

By: IE Staff
November 30, 2005 November 30, 2005
11:10

Royal Bank Q4 profit rises despite charges

Bank reports record annual profit

By: IE Staff
November 30, 2005 November 30, 2005
10:40

Clarington says takeover bid from CI Fund is official

The board of directors of Clarington Corp. today conceded that the bid for Clarington from CI Fund Management Inc. constitutes a “competing transaction”.The $285 million…

By: IE Staff
November 30, 2005 November 30, 2005
10:20

Moody’s upgrades outlook for Great-West Life

Ratings agency notes successful acquisition of Canada Life

By: James Langton
November 30, 2005 November 30, 2005
10:15

Scotiabank profit jumps 15% in fourth quarter

Bank ups dividend

By: IE Staff
November 29, 2005 November 29, 2005
12:35

Retirement planning the focus of IDA report

Report serves as useful reference tool for clients

By: IE Staff
November 29, 2005 November 29, 2005
10:40

Bank of Montreal reports record Q4 earnings

Profit up 19%

By: IE Staff
November 29, 2005 November 29, 2005
09:45

Business segment reporting for banks has both pros and cons, report says

Segment analysis may provide an insight into a financial institution’s profit balance by line of business, but it does not necessarily provide a complete picture…

By: James Langton
November 28, 2005 November 28, 2005
17:10

Incomplete disclosure of derivatives clouds accounting practices

Restatements of financial results likely to continue, Fitch says

By: James Langton
November 28, 2005 November 28, 2005
11:20

CI sweetens offer for Clarington

Waives demands for non-competition agreements with Clarington officers, directors

By: IE Staff
November 28, 2005 November 28, 2005
08:25

Court approves proposed conversion of GMP Capital

Other approvals pending

By: IE Staff
November 25, 2005 November 25, 2005
14:10

Research Capital, CEO fined by IDA

Firm failed to supervise broker

By: IE Staff
November 25, 2005 November 25, 2005
12:30

Weekend enhancements planned for NRD

Two new features to be added to National Registration Database

By: IE Staff
November 25, 2005 November 25, 2005
11:30

Growing exposure to hedge funds at European banks: report

Room for improvement in disclosure and risk management

By: James Langton
November 25, 2005 November 25, 2005
09:50

GMP shareholders to receive 100% of Griffiths McBurney L.P. units

Less than 12 million shares opt for exchange

By: IE Staff
November 24, 2005 November 24, 2005
13:30

Fairfax announces loss estimates for hurricane Wilma

US$112 million after tax

By: IE Staff
November 23, 2005 November 23, 2005
17:30

Clarington’s board clarifies position on bid from CI

CI offer is not a “competing transaction”, board says

By: IE Staff
November 23, 2005 November 23, 2005
10:40

TD earnings drop in fourth quarter

TD Bank today reported lower fourth-quarter profit as a $138 million tax charge on its reorganization of the TD Waterhouse discount brokerage pulled down earnings.The…

By: IE Staff
November 23, 2005 November 23, 2005
10:20

Goldman Sachs ratings placed under review

Earnings diversification reduces earnings volatility, says DBRS

By: James Langton
November 23, 2005 November 23, 2005
08:45

Fitch assigns ratings to Scotiabank El Salvador

Fitch Ratings has assigned credit ratings to Bank of Nova Scotia’s Salvadoran subsidiary, Scotiabank El Salvador.The rating agency says that SES’s ratings reflect the support…

By: IE Staff
November 22, 2005 November 22, 2005
16:45