Industry News

High costs deter foreign banks’ India expansion

Goldman Sachs and Morgan Stanley have backed away from their aggressive pursuit of a full banking licence to operate in India, a decision that points to the growing cost of expanding business in India, reports FT.com. While Morgan Stanley has decided to withdraw its application for a commercial banking licence, Goldman Sachs, which also applied […]

By Staff |January 31, 2013

1 min read

Sun Life launches retirement income product

Sun Life Financial has launched SunFlex Retirement Income.

By Staff |January 31, 2013

1 min read

Russell launches infrastructure and real estate pools

Russell Investments Canada Limited has launched the Russell Global Infrastructure Pool and the Russell Global Real Estate Pool.

By Staff |January 31, 2013

1 min read

Knight Capital selling assets, cutting staff

Knight Capital plans to sell some of its assets and cut staff before its sale.

By Wire services |January 31, 2013

1 min read