Industry

Active ETFs get boost from SEC

Regulators see ETFs as interlopers in the investment world. But this is now changing.

By Caroline Cakebread |December 12, 2012

2 min read

Carney: Fires of U.S. fiscal cliff will scorch Canada

Bank of Canada governor Mark Carney cautions the U.S. will go into recession if it fails to engineer a sharp reduction in the budget deficit.

December 12, 2012

2 min read

SBLR joins forces with Richter

SBLR is merging with Richter, a Montreal-based accounting and financial services firm, effective January 1, 2013. This merger enhances SBLR’s Toronto team with over 200 strategic advisors and experienced professionals in the Montreal office, 46 of whom are partners, says SBLR in a media release. The company’s Toronto office will now have the internal resources […]

By Staff |December 11, 2012

1 min read

HSBC launches $700m global client program

HSBC will spend $700 million on a global programme to help vet its clients. The “know your customer” initiative is part of a 26-point plan agreed upon with U.S. regulators, reports ft.com. This news follows the $1.9 billion the bank agreed to pay to settle a money laundering case. The settlement is being called the […]

By Wire services |December 11, 2012

1 min read