Industry News

European banks shrink property portfolios

Impeding regulatory changes are forcing European Banks to drastically reduce their exposure to real estate loans. Read: Fitch downgrades 18 banks New rules, which will increase the amount of capital banks are required to hold against commercial property loans, triggered a deleveraging process that could lead to lenders shedding €20 billion ($25.5 billion) worth of […]

By Staff |September 24, 2012

1 min read

Canaccord closes 16 branches

In an aggressive move to tackle market slowdown, Canaccord Financial Inc. is closing sixteen underperforming branches and refocusing its operations in major centres across Canada. Read: RBC Insurance axes most MGAs As part of the branch consolidation, Canaccord has also reduced the number of advisors at its sixteen core locations by approximately 35 advisory teams. […]

By Staff |September 24, 2012

1 min read

Swiss Re calls for longevity capital market

The scale of longevity risk is too vast for insurers alone without the development of a capital market, says new Swiss Re report. Titled A Mature Market: Building a Capital Market for Longevity Risk, the report says a liquid capital market in longevity risk can ensure long-term funding of people’s longer lives. Read: CPP and […]

By Staff |September 24, 2012

1 min read

How financially savvy are Canadians?

Most Canadians think they’re smarter than their peers when it comes to financial knowledge. In fact, 70% describe their own financial smarts as “excellent/good,” while only 30% feel the same about their neighbours, finds an RBC survey. Read: Kids financial literacy? There’s an app for that Despite their own confidence, 64% believe financial literacy is […]

By Staff |September 24, 2012

2 min read