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
SVB “remained well-rated, even as conditions deteriorated,” central bank report says
Changes include new role for former Richardson Wealth CEO Andrew Marsh and Fiduciary Trust Canada has a new CEO
February growth below forecast with contractions in manufacturing, wholesale and retail trade
Advisors should “show a less rosy picture” than the DSIR
Inflation slowed to 4.2% but much of that reflects lower gas prices
The Quebec regulator also plans to improve complaint handling and financial literacy
Toronto-based firm said it would use proceeds from the sale to pay down debt
However, banking sector isn't fully in the clear, superintendent said
Executive-level business leaders say inflation is an ongoing struggle
The federal housing agency predicted home prices, sales will see year-over-year declines in 2023
Regulator will issue penalties, without hearings, for minor rule violations
Slowdown reflects impact of Federal Reserve's aggressive drive to tame inflation
Precious metals action calms, while Dow Jones tops 50K
Report calls for action on data gaps, surveillance, leverage
Trade deficit remains unchanged amid shifting tariff policy, Fitch reports
Trust account used in fraud, misappropriation, Law Society finds
Policy failed to cover hedge fund investment that turned out to be a fraud
Firm allegedly touted stocks on social media, while selling its holdings
The honours will be presented Feb. 12, at the association's Embrace the Challenge event
Start with flexibility, tax efficiency, simplicity
Brokers, MGAs, software providers and TPAs set to evolve
Plus, moves at Our Family Office, Harvest ETFs, Manulife Wealth, Canada Life and more
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, National Bank changes diversified equity fund
Net monthly ETF inflows reach $22B in January: report
Plus, other firms launch new products, tweak their fund lineups