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The right way to sell stocks during COVID-19 + MORE May 15th
It’s becoming increasingly likely that the economic recovery from COVID-19 will be long and drawn out, which is not good considering that 3 million have been laid off over the last two months. Since the crisis began in Canada, MoneySense has been telling readers to hang tight with their portfolio .... More »
Toronto stock index up, Wall Street mixed, as loonie moves lower + MORE Feb 16th
TORONTO – Rising oil prices helped Canada’s main stock index move higher, capping off a week of strong gains for North American markets .
The Toronto Stock Exchange’s S&P/TSX composite index was up 44.98 points to 15,452.64, led by the influential energy sector.
South of the bo.... More »
Province Bringing in New Rules for Mortgage Brokers - VOCM + MORE Oct 21st
Province Bringing in New Rules for Mortgage Brokers VOCMNew Regulations Coming for Mortgage Broker Industry NTV News.... More »
AI-fuelled scams on the rise as holiday shopping begins Nov 18th
As the holiday shopping season approaches, one expert says there are some scam trends emerging that consumers need to watch out for. Larry Zelvin, the head of the financial crimes unit at BMO Financial Group, said new technologies like artificial intelligence are making fraud harder to detect. “T.... More »
Disney, Target, Wal-Mart and Costco are big market movers + MORE Nov 28th
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq stock market:
NYSE
Target Corp., up 28 cents to $73.44
The retailer said it had its biggest day of online sales on Thanksgiving on strong demand for Apple iPads and Nintendo .... More »
Environment dwarfs financial merit in LNG deal for B.C. First Nations
– theglobeandmail.com
In the second stage of votes, B.C. first Nations group have unanimously rejected a $1-billion offer from LNG
Regulators close Edgebrook Bank of Chicago in the fifth bank failure of 2015
– canadianbusiness.com
NEW YORK, N.Y. – Regulators have closed a small bank in Chicago, marking the fifth failure of a federally insured bank 2015.
Edgebrook Bank was closed by the Illinois Department of Financial & Professional Regulation on Friday. Republic Bank of Chicago agreed to buy $79.7 million of the failed bank’s assets, and the Federal Deposit Insurance Corp. will retain the rest. The bank’s sole branch will reopen during normal business hours.
Edgebrook Bank had $90 million in assets and $90 million in deposits as of March 31.
The failure is expected to cost the FDIC $16.8 million.
According to the FDIC, a total of 18 banks failed in 2014. That’s down from 24 the year before, and far below the 157 banks that went under in 2010 in the wake of the financial crisis.
The post Regulators close Edgebrook Bank of Chicago in the fifth bank failure of 2015 appeared first on Canadian Business – Your Source For Business News.
Edgebrook Bank was closed by the Illinois Department of Financial & Professional Regulation on Friday. Republic Bank of Chicago agreed to buy $79.7 million of the failed bank’s assets, and the Federal Deposit Insurance Corp. will retain the rest. The bank’s sole branch will reopen during normal business hours.
Edgebrook Bank had $90 million in assets and $90 million in deposits as of March 31.
The failure is expected to cost the FDIC $16.8 million.
According to the FDIC, a total of 18 banks failed in 2014. That’s down from 24 the year before, and far below the 157 banks that went under in 2010 in the wake of the financial crisis.
The post Regulators close Edgebrook Bank of Chicago in the fifth bank failure of 2015 appeared first on Canadian Business – Your Source For Business News.
Bombardier eyes rail unit IPO in Frankfurt
– theglobeandmail.com
The planes and trains maker unveiled broad plans to list a minority stake in Bombardier Transportation a day earlier but gave few details
Canada’s two largest funds take big stake in U.K. telecom
– theglobeandmail.com
CPPIB said its investment amounts to about $2-billion, while the Caisse’s stake is undisclosed
B.C. broker who ‘lied’ ordered by securities regulator to pay $30,000 penalty
– canadianbusiness.com
VANCOUVER – British Columbia’s securities regulator has ordered a broker to pay a $30,000 penalty for misconduct.
The B.C. Securities Commission says its panel found William Wood traded in securities that were on his employer’s restricted list and set up an offshore structure to hide his trading activities.
The panel says Wood intentionally withheld the information from his employer and lied to commission staff and the Investment Industry Regulatory Organization of Canada.
The panel says in a written decision that Wood’s conduct raises concerns about his fitness to be a registrant and whether he represents a risk to the capital market.
In addition to the $30,000 penalty, Wood has been prohibited from becoming or acting as a registrant.
The panel says Wood also cannot be in a management or consultative role in connection to the securities market for a year.
The post B.C. broker who ‘lied’ ordered by securities regulator to pay $30,000 penalty appeared first on Canadian Business – Your Source For Business News.
The B.C. Securities Commission says its panel found William Wood traded in securities that were on his employer’s restricted list and set up an offshore structure to hide his trading activities.
The panel says Wood intentionally withheld the information from his employer and lied to commission staff and the Investment Industry Regulatory Organization of Canada.
The panel says in a written decision that Wood’s conduct raises concerns about his fitness to be a registrant and whether he represents a risk to the capital market.
In addition to the $30,000 penalty, Wood has been prohibited from becoming or acting as a registrant.
The panel says Wood also cannot be in a management or consultative role in connection to the securities market for a year.
The post B.C. broker who ‘lied’ ordered by securities regulator to pay $30,000 penalty appeared first on Canadian Business – Your Source For Business News.
