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Banks, CMHC to feel housing slowdown: Morningstar

Morningstar analysts say a 10-percent decline in Canadian home prices poses a significant risk to the country's banks and the Canada Mortgage and Housing Corporation.
Brady Yauch, BNN.ca
Posted on 5-14-2013 at 2:53 PM

Goldman cuts investment fund pledges in half since Dodd-Frank-filings

Goldman Sachs Group Inc has slashed its capital pledges to investment funds by nearly half since the Volcker rule was signed into law in 2010, as it prepares its principal investment...
Lauren Tara LaCapra, Reuters
Posted on 5-09-2013 at 2:07 PM

Sun Life Financial profit falls 25% on markets

Sun Life Financial said on Wednesday its first-quarter profit fell 25 percent, as the country's No. 3 insurer was hurt by less favorable markets than in the year-before period.
Reuters
Posted on 5-08-2013 at 5:36 PM

Intact Financial shares slide as results miss estimates

Intact Financial Corp. said on Wednesday its first-quarter profit was essentially unchanged from the year-before period, missing expectations, as a rise in winter-related insurance claims...
Cameron French, Reuters
Posted on 5-08-2013 at 1:17 PM

Groupon quarterly revenue tops estimates, shares jump

Groupon Inc reported better-than-expected quarterly profit and revenue on Wednesday as the company's main daily deals business in North America turned in a strong performance.
Reuters
Posted on 5-08-2013 at 4:58 PM

HSBC profits nearly double as costs and bad debts fall

HSBC aims to keep the pressure on costs after first-quarter earnings nearly doubled due to the bank's three-year efficiency drive and a halving in bad debts charges.
Steve Slater, Reuters
Posted on 5-07-2013 at 8:27 AM

Ron Geffner, securities attorney, Sadis & Goldberg

New York to sue BofA, Wells Fargo over mortgage practices

New York Attorney General Eric Schneiderman said on Monday he plans to sue Bank of America Corp and Wells Fargo and Co for violating the terms of a settlement designed to end mortgage...
Karen Freifeld, Reuters
Posted on 5-06-2013 at 2:28 PM

Berkshire's Munger says takeover prices too high

Warren Buffett's Berkshire Hathaway Inc would be "stark raving mad" to rule out another giant acquisition like its 2009 Burlington Northern takeover, but high prices have made attractive...
Jennifer Ablan and Jonathan Stempel, Reuters
Posted on 5-03-2013 at 2:26 PM