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Montreal and Toronto mayors sign partnership agreement + MORE Apr 2nd
Photograph by Roger Lemoyne
MONTREAL – The mayors of Montreal and Toronto signed a formal co-operation and partnership agreement Saturday that they say will allow the two cities to work together to advance their interests.
Montreal Mayor Denis Coderre and Toronto Mayor John Tory signed the doc.... More »
The new Canadian Mortgage Charter explained - CBC News + MORE Nov 23rd
The new Canadian Mortgage Charter explained CBC NewsWhen people are worried about job security they don't buy a new house: mortgage broker BNN BloombergCanada has a new measure to help homeowners pay their mortgages. Here’s what you need to know NOW TorontoNot all .... More »
China plans to restrict stock sales by large shareholders as it prepares to lift an emergency ban imposed in July to stop a slid + MORE Jan 6th
BEIJING, China – China plans to restrict stock sales by large shareholders once a ban imposed in July to stop a slide in prices is lifted this week.
Stockholders who own more than 5 per cent of a company will be required to sell shares through private transactions to “avoid shocks to the.... More »
Will Ottawa's new rules help Canada's oilpatch build another major pipeline? + MORE Feb 9th
There were high expectations headed into Thursday's long-awaited announcement on how the federal government would overhaul the approval process for major energy projects in Canada. Ottawa says the new regulatory regime would help entice new investment, but the industry has many quest.... More »
The latest investment trend? Take low-fee one step further and make it free Aug 17th
A David and a Goliath have each shaken up the investment industry this month with new investment products that take the growing trend of low-fee investing one step further — charging no fees at all..... More »
Caisse to buy stake in Bombardier rail business for $1.5-billion
– theglobeandmail.com
Move aimed at bolstering the manufacturer’s financial stability
Before the Bell: Stocks rally, rest of 2015 looks promising
– theglobeandmail.com
Our equities analyst looks ahead to the investment day
Former chiefs of collapsed UK bank HBOS could face ban after damning report
– canadianbusiness.com
LONDON – A report into what caused the 2008 collapse of British bank HBOS said Thursday that the firm’s former bosses were “ultimately responsible” for its failure, and recommended that regulators ban them from working in financial services.
The report also blamed a past regulator for failing to investigate bank leaders properly.
Only one former HBOS executive has so far been formally investigated. Peter Cummings, the former head of corporate banking, was fined 500,000 pounds ($763,000) and banned from working in senior banking positions.
HBOS, formed from the merger of Halifax and Bank of Scotland in 2001, expanded too rapidly before the financial crisis struck and collapsed in 2008. It was taken over by the Lloyds Banking Group and required billions of pounds in a bailout funded by taxpayers.
Current regulators — the Financial Conduct Authority and Prudential Regulation Authority — said they will now review whether to take any enforcement action against three of the bank’s former leaders…
The report also blamed a past regulator for failing to investigate bank leaders properly.
Only one former HBOS executive has so far been formally investigated. Peter Cummings, the former head of corporate banking, was fined 500,000 pounds ($763,000) and banned from working in senior banking positions.
HBOS, formed from the merger of Halifax and Bank of Scotland in 2001, expanded too rapidly before the financial crisis struck and collapsed in 2008. It was taken over by the Lloyds Banking Group and required billions of pounds in a bailout funded by taxpayers.
Current regulators — the Financial Conduct Authority and Prudential Regulation Authority — said they will now review whether to take any enforcement action against three of the bank’s former leaders…
