Banks’ wealth management challenged in 2020: Fitch
Pandemic uncertainty combined with a shift to passive investing will pressure banks
- By: James Langton
- May 22, 2020 May 22, 2020
- 15:19
There could still be challenges related to uneven demand
Investors are venturing into commodity funds amid volatile markets, regulators report
Equity funds led mutual fund gains, while ETF sales slowed compared with March
A 15.6% drop is forecast for April, said Statistics Canada
The TSX closed down 112.78 points on Thursday
Dealer firm consents to suspension by industry SRO
Rating agency sees long-run implications from crisis
The regulator has banned a rep who forged a passing grade after thrice failing a proficiency course
CSA suggests investors turn to industry for assistance
The pandemic has dealt a blow to the travel, retail and oil industries
Sean O’Brien replaces Carl Mustos, who has left the company
The S&P/TSX composite index rose 58.63 points to 32,058.73
The central bank issued a summary of its overnight-rate deliberations earlier this month
Americans’ assessments of their current economic situation tumbled: survey
Retail investors targeted by so-called investment groups on social media
The increase is part of an effort to beef up anti-money laundering measures
Accountant allegedly found assets used to lure investors to schemes
The pension fund is investing up to US$1.05 billion
Plus, promotions at Harvest and Ontario Teachers' Pension Plan Board
High-profile firms and their clients were targeted in 2025
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record