Asian markets pare losses; European bourses trading higher
Covington Capital Corp. announced today that it will assume the role of investment specialist for New Generation Biotech Equity Fund Inc. and New Generation Biotech Balanced Fund Inc. from Genesys Capital Partners Inc. It was mutually agreed by Covington and Genesys that this approach would serve the best interests of the funds’ investors as a […]
Sun Life Financial Inc. today revealed that its exposure to troubled insurance giant American International Group Inc. is about US$315 million of bonds.The U.S. government last night agreed to and bail out AIG.Sun Life said it has $88 million of bonds issued by American International Group Inc., the parent holding company, and a further $227 […]
Oil prices revive ahead of inventory report
Following a disciplinary hearing held on March 6, in Vancouver, a hearing panel of the Investment Dealers Association of Canada (IDA) has fined suspended Ron Aloni for 30 days. The panel found that Aloni failed to observe high standards of conduct in the transaction of his business by facilitating the purchase of shares of two […]
On Sept. 4, a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a settlement agreement between IIROC staff and Questrade Inc.As part of the settlement agreement, Questrade admitted that on May 31 and June 1, 2007, it failed to maintain risk adjusted capital at a level greater than zero and was […]
2008 Ride for Diabetes Research takes place Sept. 19
Central banks move to inject liquidity
Revenues tumble in investment banking, trading divisions
Fourth straight monthly increase