Students defrauded into financing fictitious AI-powered hedge fund
Surge reflects struggle with pandemic debt, higher interest rates
Strong hiring, wage growth could delay interest rate cuts
Defaults expected to rise in early 2024 before easing in second half
Firms use forced arbitration to discourage clients from pursuing complaints
Unitholders should be cautious when calculating their capital gains or losses
European regulators worry about oversight weaknesses
Awards are based on risk-adjusted performance history going back as far as 10 years
Acquisition of Sterling Capital Management will almost triple Guardian's AUM
New firm Delisle Advisory Group named a COO, plus more executive and advisor shifts
U.K.'s central bank kept its main interest rate at a near 16-year high of 5.25% on Thursday
The investment manager says the money represents new capital
Bank of Canada governor addressed MPs on the finance committee on Thursday
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales