Citigroup reports Q3 net loss of US$2.8 billion
Banking giant cuts 11,000 jobs
- By: James Langton
- October 16, 2008 October 16, 2008
- 09:19
Latest news in Industry News
Switzerland pumps billions into bank rescue plan
Swiss banks raise capital
- By: James Langton
- October 16, 2008 October 16, 2008
- 07:55
Merril Lynch loss balloons on writedowns
Merrill Lynch today reported a US$5.1 billion net loss from continuing operations for the third quarter, compared with a US$2.4 billion loss in the same…
- By: James Langton
- October 16, 2008 October 16, 2008
- 07:35
Desjardins Securities, NBF reach settlement in broker-raiding case
Desjardins Securities and National Bank Financial say they have come to an amicable settlement in a case related to the departure of investment advisors from…
- By: IE Staff
- October 15, 2008 October 15, 2008
- 15:15
Investors flee mutual funds in September
Canadian investors withdrew billions of dollars from mutual funds in September, according to the latest data from the Investment Funds Institute of Canada.Total mutual fund…
- By: James Langton
- October 15, 2008 October 15, 2008
- 12:55
Fund managers resigned to recession reality: survey
Managers waiting for signals to buy
- By: James Langton
- October 15, 2008 October 15, 2008
- 11:35
Writedowns hurt J.P. Morgan Q3 results
Investment bank unit sees profits improve
- By: James Langton
- October 15, 2008 October 15, 2008
- 08:40
CI to convert to a corporation
New corporation would pay quarterly cash dividends at rate of 12¢ a share
- By: IE Staff
- October 15, 2008 October 15, 2008
- 07:55
Sovereign wealth funds group unveils governance principles
Voluntary principles reflect investment practices and objectives
- By: James Langton
- October 14, 2008 October 14, 2008
- 16:10
Central bank efforts address key risks facing U.S. banks, Moody’s
New capital infusion called an effective short-term tool for dealing with financial crisis
- By: James Langton
- October 14, 2008 October 14, 2008
- 15:30
Manulife remains well capitalized despite Q3 charge, D’Alessandro says
Insurer to take $250 million hit from credit losses
- By: Megan Harman
- October 14, 2008 October 14, 2008
- 12:35
OMERS opens London office
Shift to private market assets blunts impact of credit crisis
- By: IE Staff
- October 14, 2008 October 14, 2008
- 11:50
Mitsubishi UFJ closes US$9 billion investment in Morgan Stanley
Equity deal strengthens bank’s capital position: Fitch
- By: James Langton
- October 14, 2008 October 14, 2008
- 07:25
Spain’s Banco Santander buying rest of Sovereign
Spain’s Banco Santander, SA announced Monday that it is buying out the 75% of Sovereign Bancorp Inc., that it didn’t already own.Banco Santander is to…
- By: James Langton
- October 14, 2008 October 14, 2008
- 07:25
CBA supports federal government action on credit markets
Purchasing mortgage pools "a safe, efficient and economic way of facilitating credit markets"
- By: IE Staff
- October 10, 2008 October 10, 2008
- 13:55
Desjardins Group to consult young people online
CEO Leroux to host online chat session
- By: IE Staff
- October 10, 2008 October 10, 2008
- 09:35
Citigroup bows out of battle for Wachovia
Wells Fargo to proceed with acquisition
- By: James Langton
- October 10, 2008 October 10, 2008
- 08:25
Fund industry lends support to efforts to stabilize global financial markets
IIFA conference wraps in Montreal
- By: IE Staff
- October 9, 2008 October 9, 2008
- 14:10
CNQ introduces new fee model
Volume-based trading fee schedule reduces costs for investment dealers
- By: IE Staff
- October 9, 2008 October 9, 2008
- 13:30
BMO Capital Markets beefs up European team
Managing director Salvati to based in Switzerland
- By: James Langton
- October 9, 2008 October 9, 2008
- 13:10
Global banking industry reeling from massive loss of market value: report
Since the onset of the credit crisis market cap has plunged almost US$3 trillion
- By: Megan Harman
- October 9, 2008 October 9, 2008
- 10:05
U.S. may have to follow the U.K. lead and inject capital directly: BCA Research
Major governments are taking aggressive steps to directly shore up bank capital
- By: James Walker
- October 8, 2008 October 8, 2008
- 16:20
RBC offers to buy back auction rate securities
Repurchase offer extended to 2,200 U.S. retail brokerage clients
- By: IE Staff
- October 8, 2008 October 8, 2008
- 12:30
Proposed FASB rule changes could cost banks over US$60 billion in annual earnings, warns TowerGroup
Curtailment of packaging assets and selling them as securities would require big hike in loan loss reserves at U.S. banks
- By: James Langton
- October 8, 2008 October 8, 2008
- 10:50