Canadian debt-to-disposable-income ratio now higher than the U.S.
Bank responds to client demands for more localized banking capabilities abroad
Scotia boosts stake in Thai bank
Bank of Nova Scotia has completed the acquisition of an additional 24% of Thanachart Bank, Thailand’s eighth-largest bank and leading automobile lender, for approximately $270 million. Scotiabank will purchase 416 million shares from Thanachart Capital raising Scotiabank’s holding in Thanachart Bank to 49%, the bank said Tuesday.That’s the regulatory limit for foreign banks in Thailand.“The […]
RBC and BMO CEOs to forego 2008 mid-term and long-term compensation
Disappointing earnings results weigh on equities
O’Leary Global Income Opportunities Fund has filed the final prospectus for its initial public offering of units, O’Leary Funds Management said Monday.The offering is expected to close on Feb. 27.The fund proposes to issue $150 million of units at a price of $12 per unit. Each unit consists of one transferable trust unit and one […]
The exchange of preferred shares of Charterhouse Preferred Share Index Corp. for Class A units of Jov Leon Frazer Preferred Equity Fund was completed at the close of business on Jan. 30, JovFunds Management Inc. said Monday.Preferred shareholders of Charterhouse will receive 1.70389 units of the Class A units of the fund for each preferred […]
First Nations Bank boasts strong year
Andrews to oversee program