U.S. consumers could be crunched if mortgage rates rise and house prices drop
It is not about the quantity of ongoing training or the variety available; it is all about the quality
Numerous reasons for concern
Advisors or seasoned clients who try to delve into the heart of the banks’ financial statements, hoping to compare them head to head, will have a virtually impossible task before them. The reason: the banks have different mixes of business and present financial results in different ways. Even if you try adjustments in hopes of […]
But insurers sing the praises of their ongoing education programs
Most banks, life insurers and property and casualty insurers once again posted strong results in the first quarter. But earnings were mixed for mutual fund companies, investment companies, distributors, suppliers and holding companies.Overall, net income for the 42 publicly traded financial services firms surveyed by Investment Executive was up 14.7% from the same quarter a […]
Amajor success story among Canada’s financial institutions is Royal Bank of Canada’s cost control. At the other end of the scale is CIBC, with its litany of problems possibly making it Canada’s most worrisome bank. In between are the others, each with its successes and challenges.Royal Bank, however, has set the pace with a 56.8% […]
Yet most banks and credit unions back the pursuit of PFP aand CFP designations
Cervus financial group Inc. is applying the trailer-fee business model used in the mutual fund and insurance industries to conventional mortgages, a move that will allow mortgage brokers to develop a stable, consistent income stream.The company’s “customer for life” model pays the mortgage broker trailing commissions for the life of a mortgage, instead of one […]
Cuts in the capital tax rates in Quebec and Nova Scotia, and a reduction in New Brunswick’s small business tax rate, were very welcome measures in this year’s crop of provincial budgets.Economists say the capital tax has the most negative impact on economic growth of any tax. New Brunswick’s move — to a 1% small […]