The California-based bank serves a similar clientele as did failed Silicon Valley Bank
Tougher regulations are a key focus
Sanctions softened to avoid putting bank out of business
Contagion risks flow in both directions between traditional finance and decentralized finance
Strategists take a defensive portfolio stance
Fed's next move comes into question as uncertainty intensifies
Some companies may raise prices amid persistent cost and labour issues
Other moves include an established advisor group moving to BMO Nesbitt Burns from CG Wealth
The European Central Bank said it's monitoring current market tensions closely
Former Wells Fargo EVP agrees to ban, US$17-million penalty in deal with regulators, authorities
Regulator's proposal aims to address concerns about systemic cyber events
Russia, China drove surge in defaults last year
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