Seven ETFs to be managed by Jones Heward
CIBC Mellon has been appointed custodian in the $32 billion restructuring of the non-Canadian, non-bank sponsored asset-backed commercial paper (ABCP) market, the company said Thursday.“CIBC Mellon is uniquely positioned in the Canadian market to manage this important and complex ABCP restructuring,” says Thomas MacMillan, president and CEO. “We worked closely with the Pan-Canadian Investors’ Committee […]
Proposed mergers to take place April 17
Investors have recovered 92¢ on the dollar: trustee
Downturn in equity markets forces insurer to hike reserves
Investment dealer takes charges for ABCP holdings, corporate restructuring
Nexen swings to a loss
Insurer maintains quarterly dividend
Client assets down mainly due to market depreciation
The global rating agency stated that its positive putlook reflects Home Capital’s consistently robust earnings, which have been driven by a solid net interest margin, strong income-producing asset growth, steady revenue increases across all business segments, good asset quality metrics, and stringent cost controls. Furthermore, Fitch views the company’s capital and reserve levels as sound, […]