German and Italian leaders have issued a new pledge to protect the Eurozone, with the Eurogroup chairman saying officials have no time to lose when it comes deciding what measures are required. European leaders promise they’ll do everything possible to save the 17-nation Euro. On Thursday, investors will be paying close attention to the monthly […]
Canadian regulators are often accused of being one step behind financial fraudsters. But, the qualities of our provincial commissions may not be the problem; turns out, regulators are often underfunded and have struggled since the recession.
To date, Canada’s provincial regulators have failed to find common ground and form a national committee. The ASC, however, has found a partner south of the border to help strengthen its fight against international white-collar crime.
Markets are tough and you're struggling to meet your bottom line, so the last thing you want to worry about is your book shrinking. But, a new survey says more than half of wealthy clients are looking to fire their advisor this year.
Following the release of BoC’s gloomy Monetary Policy Report last week, Laurentian Bank and its research team downgraded their provincial and national growth forecasts for Canada in 2012. It expects the country to grow only 2% over the next two years, and has released a new edition of the Provincial Monitor, a report highlighting the […]
American investors are eager for new, innovative public offerings, despite the fallout created by Facebook’s failed IPO launch in May.
Wall Street analysts are scaling back their growth expectations for the largest U.S. companies; an early warning sign the country is hovering on the edge of a recession, reports the Financial Times. They predict the revenue of leading U.S. blue chip companies will rise at an annual rate of 1%-to-1.5% during the third quarter of […]
In 2002, HSBC purchased Grupo Financiero Bital—a Mexican lender lacking a compliance department at the time. Five years later, the head of the British giant’s Latin America compliance department, voiced his frustration and concerns about the Mexico unit overseeing the acquired company’s activities, reports Financial Times. Read: HSBC in talks to sell Latin American units, […]
Modern economics says a healthy financial sector is good for economic growth—the economy needs a certain number of advisors and planners to help borrowers and lenders invest and spend wisely. But, how much growth is actually healthy for the economy?
Goldman Sachs’ net income fell 11% in the April-to-June period; the investment bank says its clients traded less and made fewer deals as global financial markets turned volatile. The bank has also faced a slew of problems in recent months, causing investor confidence to erode. Not only was it fined $22 million in April and […]