Merrill Lynch announced that it is discontinuing mortgage origination at its First Franklin subsidiary in the Unites States and will explore the sale of Home Loan Services, a mortgage loan servicing unit for First Franklin.The company said it made the decision to discontinue lending by First Franklin because of the deterioration of the subprime lending […]
Banks, energy and financial services dominate listings
30% hedged against further equity selloff: survey
Co-president and COO to leave Feb. 1
Deep writedowns erase profits
Asset allocation switches to cash
Sovereign wealth funds offer investment bank capital infusion
A bleak outlook for the Canadian economy
Majority of fund managers now expect corporate profits to deteriorate in the next 12 months
Report identifies three themes for the coming year