Allow all dealer reps to incorporate: IIAC
Association calls on regulators to create a model that can operate for both the mutual fund and securities industries
- By: James Langton
- October 8, 2008 October 8, 2008
- 10:00
Latest news in Industry News
No plans to back out on Morgan Stanley, MUFG says
Mitsubishi UFJ Financial Group, Inc. today issued a statement in an effort to reassure the market that it intends to go ahead with its US$9…
- By: James Langton
- October 8, 2008 October 8, 2008
- 09:45
A.M. Best affirms ratings of RBC insurance unit
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a+” of Royal Bank of Canada Insurance Company…
- By: IE Staff
- October 8, 2008 October 8, 2008
- 08:15
Equity trusts to disappear by 2011: panel
Most existing trusts will either convert to publicly held corporations or will go private
- By: Megan Harman
- October 8, 2008 October 8, 2008
- 07:45
Standard Life licenses Morningstar Hypothetical Illustrator
The Standard Life Assurance Co. of Canada has licensed Morningstar Hypothetical Illustrator for use by its team of wholesalers. The software is a part of…
- By: IE Staff
- October 7, 2008 October 7, 2008
- 09:25
IMF warns about failure to act decisively on financial turmoil
US$675 billion in capital needed by the major global banks to keep private sector credit growing
- By: James Langton
- October 7, 2008 October 7, 2008
- 08:45
M&A activity among asset managers climbs in Q3 amid financial crisis
Consolidation expected among hedge fund companies and other alternative asset managers
- By: IE Staff
- October 7, 2008 October 7, 2008
- 08:20
Citigroup, Wells Fargo, Wachovia agree to standstill
Citi had filed a complaint against the other two earlier in the day seeking US$60 million in damages
- By: James Langton
- October 6, 2008 October 6, 2008
- 16:02
Investment funds associations meet to discuss economic and demographic trends
Delegates from over 30 countries gather in Montreal
- By: IE Staff
- October 6, 2008 October 6, 2008
- 11:35
Allianz to invest US$2.5 billion in Hartford
Insurance and financial service firm warns of Q3 loss
- By: James Langton
- October 6, 2008 October 6, 2008
- 09:35
Sun Life sells stake in CI to Scotiabank for $2.3 billion
Timing of deal raises concern among analysts
- By: James Langton
- October 6, 2008 October 6, 2008
- 08:10
Citigroup to take on Wells Fargo in Wachovia deal
Citi says it had exclusivity agreement with Wachovia; it has also been providing liquidity to the bank since Monday
- By: James Langton
- October 5, 2008 October 5, 2008
- 16:10
UBS to focus on core businesses
Swiss firm to exit commodities, downsize real estate and securitization and proprietary trading, among others
- By: James Langton
- October 3, 2008 October 3, 2008
- 09:35
Wells Fargo to buy Wachovia
Deal requires no financial assistance from the FDIC or any other government agency
- By: James Langton
- October 3, 2008 October 3, 2008
- 09:26
Transaction to limit CIBC’s exposure to U.S. subprime mortgage crisis
Portfolio investment by Cerberus will allow CIBC to reduce downside risk while preserving upside potential
- By: IE Staff
- October 3, 2008 October 3, 2008
- 08:39
Mutual funds suffer massive net redemptions in September
But some companies saw modest positive net sales while bank-owned firms took a nosedive
- By: James Langton
- October 2, 2008 October 2, 2008
- 16:29
Flames Captain Jarome Iginla joins Scotiabank as special advisor
The NHL star will focus on promoting the launch of Scotiabank’s ScotiaHockey Visa in person and on TV commercials
- By: IE Staff
- October 2, 2008 October 2, 2008
- 12:45
CIAs reveal 2008 analysts and jurors
Winners to be announced at gala event on Dec. 3 in Toronto
- By: IE Staff
- October 2, 2008 October 2, 2008
- 09:54
All long-term fund indices suffered losses in September: Morningstar data
Energy, equity, U.S. funds were pummelled during the month as the financial crisis spread
- By: IE Staff
- October 2, 2008 October 2, 2008
- 08:08
P.E.I. allows advisors to incorporate
Newfoundland and Labrador and Alberta are the two remaining holdouts in allowing advisors to adopt the business structure
- By: IE Staff
- October 1, 2008 October 1, 2008
- 14:29
Crisis sparks financial services M&A
The financial services sector has gone from being the quietest sector in M&A to the busiest in a very short period of time
- By: James Langton
- October 1, 2008 October 1, 2008
- 14:23
CGI joins Banking Industry Architecture Network
CGI plans to help BIAN by contributing expertise in building enterprise-wide service-oriented architecture
- By: Megan Harman
- October 1, 2008 October 1, 2008
- 10:13
NYSE Euronext completes acquisition of Amex
NYSE Euronext will now operate a dual market structure offering
- By: James Langton
- October 1, 2008 October 1, 2008
- 09:43