Industry

Spain’s sovereign rating faces possible downgrade

Spain’s long-term government debt rating is stable for now, says ratings firm S&P, so long as the government doesn’t increase the country’s bank bailout, reports the Wall Street Journal. Struggling Bankia—the country’s third largest lender—was rescued in late May, with an infusion of $23.78 billion, or €19 billion. And while Prime Minister Mariano Rajoy said […]

By Wire services |August 1, 2012

2 min read

Sales rep fined for unauthorized online trading

The MFDA approved a settlement hearing in the matter of Ahsan Hanif Ladha, a former mutual fund salesperson at TD Investment Services. He admitted that between June 2009 and June 2010, he engaged in unauthorized online securities trading. As stated in the agreement, in two separate cases Ladha obtained client passwords and personally conducted their […]

By Staff |August 1, 2012

1 min read

TMX takeover finalized

Maple Group's offer to acquire up to 80% of TMX Group shares for $50 per share in cash is complete.

By Staff |August 1, 2012

2 min read

Financial market infrastructure can collapse

Global financial regulators have released a consultation paper on how to plan for the potential failure of firms that make up financial market infrastructure. The paper was published by the Committee on Payment and Settlement Systems (CPSS) and IOSCO, and outlines the issues that should be taken into account when developing recovery plans for different […]

By Wire services |August 1, 2012

2 min read