Industry moves this week
Changes include two business banking leadership shifts
- By: Katie Keir
- January 19, 2023 January 19, 2023
- 15:08
Changes include two business banking leadership shifts
Longtime head Paul Douglas is stepping back from daily operations
However, interest rates must remain elevated "for some time," Brainard said
Indebted consumers, slower economic growth, potential for recession are key factors in play
U.S., European authorities take down Bitzlato platform
Canadian funds have largely shied away from fossil-fuel divestment
Rising interest rates should boost life insurers’ portfolios in the longer term
Rep sought to bring funds she managed for clients to new business
Mester's comments are notable because she is among the more consistently hawkish members
Deutsche Bank forecasts Bank of England’s 2% target reachable in 2024
Data from the bank's customers suggest strong Q4 retail sales
Auto, gas, department store sales down
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