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Financials News

Financial fraud regulation lacks national strategy, group argues

Financial fraud regulation lacks national strategy, group argues

Canada needs a national strategy to combat financial fraud, including a centralized system to collect data on fraud complaints and investigations,according to new report by investor...

Posted on 8-11-2014 at 2:28 PM

Manulife hikes dividend as profit triples

Manulife Financial Corp. said on Thursday its second-quarter profit more than tripled due to a stronger performance by investments and other market-related factors, and Canada’s biggest...

Posted on 8-07-2014 at 8:36 AM
Bank of America raises dividend for first time in 7 years

Bank of America raises dividend for first time in 7 years

Bank of America Corp. said it would increase its quarterly dividend to 5 cents per shares from 1 cent per share, its first dividend hike in seven years.

Posted on 8-06-2014 at 10:07 AM

Portugal to rescue troubled bank using bailout money

Portugal’s central bank said on Sunday it decided to rescue troubled lender Banco Espirito Santo in a €4.9-billion recapitalisation to be pumped into the healthy part of the bank that will...

Posted on 8-05-2014 at 12:14 PM
Ottawa starts public consultation on bank failure contingency plans

Ottawa starts public consultation on bank failure contingency plans

Finance Minister Joe Oliver released regulatory proposals aimed at relieving taxpayers from the burden of potential bailouts if key banks fail.

Posted on 8-02-2014 at 2:32 AM

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