M&T Bank Corp. today announced that it is entering the Canadian commercial banking market, and will open an office in Ontario to serve Canadian businesses.Pending…
Moody’s Investors Service has assigned a bank financial strength rating of B- and a long-term issuer rating of Aa2 to CIBC Mellon Trust Co.It assigning…
RBC Capital Markets is a General Clearing member and market maker on exchanges around the world, trading on such exchanges as the European Climate Exchange…
Cost of credit increased by 20%, CEO says
Energy stocks account for more than three quarters of the gain
Sells stake in Bloomberg
Downgrades Fannie Mae's preferred stock rating
Hedge funds continue to play a big role in driving the growth of U.S. equity trading commissions, according to new research from Greenwich Associates.The commissions…
Online brokerage expected to contribute $74 million to TD Bank’s wealth management earnings
Earnings hit by unfavorable credit environment and market conditions
Mortgage insurer Genworth Financial Canada says its products will comply with the federal government’s recently announced adjustments to the rules for government guaranteed mortgages aimed…
J.P. Morgan enhanced its reputation among U.S. institutional investors by standing by its fixed-income clients during the worst of the global credit crisis, according to…
Industry has underestimated both the scope and severity of the decline, says Fitch Ratings
Inflation fears abate as recession risks loom larger
Equitable Group Inc. today announced that it has closed its previously announced “bought deal” financing of 1.6 million common shares at $21.50 per common share,…
New telemarketing legislation is coming into force at the end of September that could seriously affect the way financial advisors prospect for new investors and…
TMX Group Inc. and Citigroup Inc. today announced an agreement to provide Toronto Stock Exchange and TSX Venture Exchange participating organizations with a smart order…
Profit drops in Q2, but revenue rises to record US$11.5 billion
Retail investors outside B.C., Alberta and Ontario are limited in their ability to participate in IPOs
Total assets under management drop
Association recommends a principles-based approach to securities regulation
Bank of Nova Scotia announced Monday that it will purchase E*Trade Canada from U.S.-based parent E*Trade Financial Corp. Under the agreement, Scotiabank will purchase E*Trade…
Kingsway Financial Services Inc. today announced that prior to the end of July it intends to repay all amounts outstanding under its US$175 million three…
Maximum amortization period will be set at 35 years
Fannie Mae, Freddie Mac shares plunge