Parent company takes US$5.6 billion writedown on U.S. mortgage investments
Firm takes additional $75.9 million ABCP writedown
CI Financial Income Fund today reported a slight drip in profit for the first quarter ended March 31.Net income for the quarter was $139.4 million, down 2% from $142.1 in the year ago period.Earnings per unit for the quarter declined slightly to $0.50 per unit from $0.51 per unit for the three months ended March […]
GMP Capital Trust today announced that Tom Budd, president and vice chairman, head of investment banking and one of the co-founders of GMP Securities, will be retiring effective June 13.Budd has entered into a consultancy service agreement and will continue to support GMP Securities in an advisory capacity until at least mid 2009 to ensure […]
Gratton steps down as chairman
D’Alessandro to step down in May 2009
The Nasdaq OMX Group reported its first results as a combined firm. The company had first quarter net income of US$121.4 million, up from US$18.3 million in the first quarter of 2007.For the first quarter of 2008 net income on a pro forma non-GAAP basis was US$113.9 million (excluding the US$26.0 million pre-tax gain on […]
Specialty insurer posts Q1 loss
Premiums and deposits down 16% from a year ago
Strong growth in transaction-related revenues