Industry

Empire Life restricts GMWB deposits

The pool of guaranteed income options is shrinking in Canada, and those in existence are being fine-tuned by the few companies still offering them.

By Vikram Barhat |November 20, 2012

2 min read

Ex-IIROC rep fined $155,000

An IIROC hearing panel accepted a Settlement Agreement, with sanctions, between IIROC staff and Mr. Alan Cusson.

By Staff |November 20, 2012

1 min read

Credit Suisse faces NY lawsuit

New York’s attorney general is filing a civil lawsuit against Credit Suisse for misleading investors who lost billions of dollars due to mortgage-backed securities, reports reuters.com. Read: SEC charges J.P. Morgan, Credit Suisse with misleading investors The lawsuit is expected to be filed tomorrow. It alleges that Credit Suisse misrepresented the quality of loans packaged […]

By Wire services |November 20, 2012

1 min read

U.S. banks provide mortgage relief

Several U.S. banks, including Ally Financial, Bank of America, JPMorgan Chase, Citigroup and Wells Fargo, are providing billions of dollars in mortgage relief to homeowners, reports ft.com. Read: Vik’s Pick: Slow and steady U.S. hops over Canada The move comes as part of a settlement with regulators earlier this year, and is aimed to help […]

By Wire services |November 20, 2012

1 min read