Trustee alleges insider trading telecommunications company shares
Sale worth US$161 million
New notes linked to the performance of two Manulife-managed mutual funds
Tax recovery helps lift earnings
Three banks to pay US$6.6 billion
CIBC expects to pay $27 million to about 200,000 clients
But numerous conditions apply in order for funds to short up to 10% of net assets
Notes linked to portfolio of funds, stocks and trusts
Ratings agency notes improvement in business practices, corporate governance
Deal expected to close by year end