Dutch insurance giant AEGON NV announced Tuesday that the government of the Netherlands will inject €3 billion (US$3.8 billion) into the firm to shore up its capital position.For the transaction AEGON will issue 750 million non-voting securities at €4 per security to Vereniging AEGON. In turn, Vereniging AEGON will be funded on back-to-back terms and […]
Credit crisis will to spread to non-financial companies, predicts NBF
Federal government willing to work with other provinces whose credit union centrals are not federally regulated
Finance chiefs from the Group of Seven leading nations on Monday issued an emergency statement warning investors against pushing up the Japanese yen too much.In the three-sentence statement, G-7 finance ministers and central bank Governors singled out the yen, saying its recent “excessive volatility” threatens the global economy and financial system. “We continue to monitor […]
Program keeps banks competitive on the international funding scene
Insurance industry associations from around the globe agree that regulators need to increase co-operation and deliver more risk-sensitive regulation.The Canadian Life and Health Insurance Association reports that 15 associations, representing the vast majority of the global insurance business, including North America, Europe, Asia, Australia and South Africa, presented a unified statement to the annual meeting […]
Temporary program guarantees wholesale term borrowing
Financial institutions told to consult regulator before using capital to buy back shares
Industry leaders to discuss long-term impacts and opportunities
More Canadians think their standard of living in retirement will be worse