Industry News

BofA to axe up to 16,000 jobs

Bank of America is set to cut up to 16,000 jobs by year-end, reports Tom Braithwaite of Financial Times. This will bring its total headcount to 260,000, down from 288,000 in 2010. Read: Morgan Stanley revenue tanks; Bank of America beats targets The cuts are part of a cost-cutting initiative, “New BAC,” a broad efficiency […]

By Wire services |September 21, 2012

1 min read

Fixed-income opportunities for clients

With some Canadian government bonds currently yielding less than inflation, investors are facing negative real returns. But, there are some areas of fixed income worth exploring.

By Alexander Schwiersch |September 21, 2012

2 min read

Baby boomers don’t want modest retirements

Over half of baby boomers (57%) would rather work longer so they can maintain their current lifestyles as they enter retirement, finds a CIBC poll. Further, 24% plan to carry debt into retirement. Of those, 80% will carry debt throughout their entire retirement. This suggests they have no immediate plans to pay it off, and […]

By Staff |September 21, 2012

2 min read

Friday Funnies: Inspiration from nature

In 2009, we asked advisors to share their funniest tales in hopes of bringing some levity to the dark days of the financial crisis. Now, you've provided us with fresh laughs. Read on for this week's installment.

By Staff |September 21, 2012

1 min read