U.S. bank profits slump 70% as virus rakes businesses, households
Most of the decline is tied directly to the pandemic
- By: Ken Sweet, The Associated Press
- August 25, 2020 August 25, 2020
- 12:28
Most of the decline is tied directly to the pandemic
But positive ratings are contingent on the province’s post-pandemic plan
Net income for the bank’s wealth management business increased 37% year over year
Strong results in global banking, wealth management offset hit to retail banking
Spending patterns have changed dramatically during the pandemic
Financial sector employees working from home helped buoy Ontario and Quebec economies
Among women, those with master's degrees in taxation had the highest wages
The new executive director spent almost 20 years at Ontario's securities regulator
Business groups see no hint of a major policy shift
Analysts remain cautious, but there may be room for positive surprises
ETF assets overall grew 6.4% in July
The bank reached a US$122-million settlement with the U.S. Consumer Financial Protection Bureau
The European economy may take longer to heal
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