Industry News

Book aims broadsides at bankers

From the ruins of the recent banking crisis emerges a book that shows why banking is more dangerous than most think. Reviewed by the chief economics commentator at the Financial Times, Martin Wolf, the book, The Bankers’ New Clothes: What’s Wrong with Banking and What to Do About It, dispels a host of myths about […]

By Staff |March 20, 2013

1 min read

Manulife expands global equity team

Manulife Asset Management has named Paul Boyne and Doug McGraw to lead a new team managing a global equity strategy for institutional clients and certain wealth management businesses of Manulife Financial and John Hancock. Read: Say goodbye to mortgage wars “Paul and Doug expand and strengthen Manulife Asset Management’s investment capabilities and complement our global […]

By Staff |March 20, 2013

1 min read

JPMorgan to transfer $500 million to MF Global customers

Former customers of bankrupt brokerage MF Global will breathe a sigh of relief today. The Financial Times reports the defunct firm and JPMorgan Chase, which was one of the brokerage’s trustee banks, have reached an agreement that will see the banking giant transfer $500 million to MF Global customers.

By Staff |March 20, 2013

1 min read

First Trust Portfolios to launch five ETFs

First Trust Portfolios Canada Co., an affiliate of U.S.-registered First Trust Portfolios L.P., is set to launch its first suite of Canadian-domiciled ETFs. The company has filed a preliminary prospectus, still subject to completion or amendment, with the securities regulatory authorities in Canada for five ETFs. Read: ETFs fit the bill for fixed-income allocation The […]

By Staff |March 20, 2013

1 min read