Industry assets down 21% from a year ago
Monthly sales fall to the lowest level since Jan. 2001
Market manipulation results in criminal charges against Ontario man
Office meets the growing local need for wealth management services among affluent clients
As other sources of capital dry up, reinsurers are positioned to increase prices
55% of managers bullish on financial services
European banks facing huge losses from hedge fund scheme
On Oct. 19, ING Direct Asset Management Ltd., announced its plans to convert the ING DIRECT Streetwise Funds into mutual fund trusts, subject to the approval of shareholders.A shareholders’ meeting was scheduled to take place on Jan. 5, 2009. ING Direct has rescheduled the meeting to Jan. 9, 2009.The change in the meeting date does […]
BMO Capital Trust II, a closed-end trust wholly owned by Bank of Montreal, will issue $450 million of BMO Tier 1 Notes – Series A due Dec.31, 2107, the bank said Friday.The notes are expected to qualify as Tier 1 capital of the bank for regulatory purposes. The trust intends to file a final prospectus […]
RIM, Goldman Sachs release results