CIBC agrees to settle overtime class-action lawsuit, will pay $153M
A former teller initiated the case in 2007
- By: The Canadian Press
- January 5, 2023 January 5, 2023
- 11:43
A former teller initiated the case in 2007
Ten of the 42 firms in the survey raised their quarterly dividends amid darkening economic conditions
Scheme promised outsized returns from blockchain investment
Fines levied against reps last year soared to $7.9 million from $938,000 in 2021
Fiduciaries must explain the rationale for an investment, the professional organization said in a new report
Confidence in job market remains high among workers with in-demand skills
Deal with New York regulator addresses crypto platform's compliance failings
Risks remained that inflation could stay higher than expected
Bank expects to record $850-million after-tax provision in Q1
Exec pleaded guilty to taking money to trade meme stocks and crypto
As capital markets froze, M&A dried up and bank revenues dropped
Agencies flag "safety and soundness" risks from banks' crypto activities
A tentative trial date of Oct. 2 has been set
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