Deficiencies in trade supervision for artificial pricing remedied: IIROC panel
Canadian household wealth contracts due to the financial crisis
Dedicated short bias managers struggled, index shows
Resulting investor losses totalled almost US$1 billion
Banc of America Securities-Merrill Lynch Research has bolstered its research team with a couple of new hires, the company said Monday.Ethan Harris is joining the firm as head of North America economics. He comes to BofA-Merrill from Barclays, formerly Lehman Brothers, where he was the chief U.S. economist since 2003. He will be responsible for […]
McCann appointed managing director covering Canadian institutional clients
Bank continuing to reduce risk in investment banking unit
Rating agency cites concerns about profitability in market uncertainty
Plans to cut 5,300 jobs
Credit Suisse Group reported a net loss of 1.26 billion Swiss francs (US$1.08 billion) for the third quarter, as it forecast earlier this month, compared with net income of CHF 1.3 billion in the third quarter of 2007.Core net revenues were CHF 3.1 billion, down 48% from the third quarter of 2007. Private banking, which […]