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Crypto coins

Crypto, financial sector stress a two-way street

Turmoil in U.S. banking business shook stablecoin market, Fitch reports

Business People Handshake Greeting Deal Concept

Global M&A down sharply in first half: Refinitiv

BMO ranks among top 10 in global deal advisory business

pension pension or retirement concept with word on business office folder index

DB pension plans improve in second quarter

Increases in bond yields helped reduce plan liabilities

Securities trending up

Global capital markets activity mixed in first half

RBC led Canadian dealers on equity, debt league tables

Banks

IGM Financial cutting jobs and office space in search for savings

The company plans to reduce IG Wealth Management offices

Files being analyzed

Canaccord Genuity facing investigation into its wholesale market-making activities

"Significant penalty" could result from the investigation, company says

U.S.-dollar LIBOR put to pasture as the first phase of CDOR reform ends

Banks can only enter into new transactions with clients that reference CDOR if the transaction hedges or offsets existing exposures

gavel

Court rejects Binance’s bid to halt OSC inquiry

Crypto firm failed to make its case staying regulator's investigation order, summons

Getty Images

Investment advice seen as a key benefit of open banking: survey

Deloitte reports suggests Canadians are likely to embrace new banking model once it goes live

  • By: Staff
  • June 30, 2023 June 30, 2023
  • 09:04
question mark

U.K. regulator flags sustainable finance concerns

Conflicts, transparency, targets in sustainability-linked loans all raise questions

Online banking businessman using smartphone with credit card Fintech and Blockchain concept

Do the math before using credit card loyalty points toward mortgages

At RBC, one-quarter of customers use points for mortgage, credit card payments

A man in a suit walking up concrete steps.

The largest U.S. banks would survive a severe recession, the Fed’s “stress tests” show

The Fed's scenario had a 40% decline in commercial real estate prices

Business man making a presentation at office. Business executive delivering a presentation to his colleagues during meeting or in-house business training, explaining business plans to his employees.

CSA extends comment period for diversity proposals

Regulators proposed two options for improving the information shareholders receive about board and executive diversity

  • By: Staff
  • June 28, 2023 June 28, 2023
  • 14:33
RUSSELLTATEDOTCOM / ISTOCKPHOTO. ICONS: 123RF STOCK PHOTO

ISSB finalizes climate standards. Now comes the hard part

Securities regulators to review final standards as implementation challenge looms

Close up business man signing contract making a deal, classic business

Brookfield makes takeover offer for American Equity Investment Life Holding

Both companies said there was no guarantee that an agreement will be reached

Megaphone

Industry moves this week

Manulife names new public markets CIO

  • By: Staff
  • June 27, 2023 June 27, 2023
  • 13:27
gavel

Ex-Bridging CEO refuses to participate in OSC hearing

David Sharpe rebuffs Tribunal proceeding, to pursue concerns in court

arrow and the word "Change" with feet

OBSI adds two consumer-interest directors to board

Governance changes follow consultation and independent review

  • By: Staff
  • June 26, 2023 June 26, 2023
  • 15:58
scales of justice

Fundraisers face $9 million in sanctions

Ontario's Capital Markets Tribunal found investor losses weren't intentional, but reckless

Gavel

Former life agent fined for client servicing scheme

FSRA brought similar allegations against the agent earlier this year

Lawyer

Ontario court sides with OSC on Gong evidence

Appeal of tribunal ruling premature, court finds

Candle stick graph and bar chart of stock market investment

CIRO details suspended firm’s capital troubles

Gravitas Securities suspended after repeated shortfalls, failure to file financials

Merger button

IOSCO targets “hidden losses” in issuers’ financials

Regulators worried about investors getting timely disclosure of impaired goodwill

Statue of Liberty and New York City Skyline with Manhattan Financial District, World Trade Center, Empire State Building and Blue Sky

Ex-Goldman banker guilty of insider trading

SEC data analysis uncovered scheme involving Wall Street banker, trader

young couple meeting with advisor

Canadian investors maintain optimism despite knowledge gaps: Survey

Many consumers don't understand current market risks