Credit Suisse Group reported a net loss of 1.26 billion Swiss francs (US$1.08 billion) for the third quarter, as it forecast earlier this month, compared with net income of CHF 1.3 billion in the third quarter of 2007.Core net revenues were CHF 3.1 billion, down 48% from the third quarter of 2007. Private banking, which […]
Composite leading index dips 0.2% in September
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Loonie, oil prices slide
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Moody’s Investors Service has affirmed the ratings of ING Canada, Inc. and its operating subsidiaries following the downgrade of ING Groep N.V. The outlook for ING Canada remains stable.Moody’s says that it based its rating affirmation of ING Canada on the underlying financial strength of the company’s insurance subsidiaries. According to the ratings agency, ING […]
Core inflation expected to remain below 2%
Industry leaders to discuss long-term impacts and opportunities
Charges include $636 million in credit market impacts