Wealth management income drops
Deal with National Bank expected to close later this summer
Wealth management income dips
National Bank is launching a new addition to its Omega family of funds, the bank said Tuesday.The strategy of Omega Global Opportunities Fund is based on the research of Minnesota-based TIS Group Inc. The firm owes its reputation to Larry Jeddeloh, its founder and managing director, who has more than 30 years of experience in […]
The board of directors of National Bank and Louis Vachon, the bank’s president and CEO, have come to an agreement on how Vachon should dispose of his $2.5 million personal investment placed in trust in 2007 while the asset-backed commercial paper (ABCP) issue was being worked out. The announcement was made Thursday as the bank […]
Bank to give shareholders a say on executive compensation
Series 26 shares to yield 6.6%
Deal grows group insurance premiums to $50 million
Ontario and Newfoundland are the only two provinces expected to report negative GDP growth in 2009
Quarterly profit rose at National Bank of Canada, even though the bank took previously announced writedowns for commercial paper, staff layoffs and other items.The bank said Thursday it earned $70 million, or 37¢ a share, in the fourth quarter, ended Oct. 31. That was up from the year-earlier period, when it lost $175 million, or […]