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1-10 results from 1000 for query «wealth»

January 10, 2019 11:58 PM AP Explains: Venezuela’s economy, political crisis

Venezuelan President Nicolas Maduro started a second, six-year term Thursday amid international cries urging him to step down and return democratic rule to a country suffering a historic economic implosion. Maduro says he is going to turn around an economy whose collapse he blamed on U.S. sanctions. However, few experts see signs that his policies will rescue 21

December 24, 2018 10:00 AM Medicine is the real pot of gold for the cannabis industry

Politics, or geopolitics, will also determine Trudeau’s decisions in this debacle. Among the ideal options is to release Meng Wanzhou in exchange for freeing the Canadian nationals. And to grant Huawei, which employs about 500 people in its extensive Canadian R&D operations, the access it craves to Canada’s 5G network, provided Huawei share its technology 40

December 7, 2018 2:31 PM Gains abroad extend the record earnings streak at Canadian banks

Canada’s eight big banks extended their record earnings streak this year, posting a 7.5 per cent jump in annual profit fuelled by operations outside their home turf. Net income for the companies totalled C$45.9 billion ($34.3 billion U.S.) in the fiscal year ended Oct. 31. Toronto-Dominion Bank and Bank of Montreal profited from their U.S. consumer-lending 43

December 4, 2018 11:36 AM Bank of Montreal hikes dividend as it reports Q4 net income surge

Bank of Montreal hiked its dividend as it reported a fourth-quarter profit that jumped 38 per cent compared with a year ago and beat analyst estimates. Canada’s fourth-largest bank said Tuesday it will now pay a quarterly dividend of $1 per share, up four cents from its previous payment. The increase in payment to shareholders came as BMO reported its net income 33

November 22, 2018 3:17 PM Canadian banks using in-house hackers to improve and test cybersecurity

New regulations that require Canadian businesses to alert their customers about privacy breaches or face hefty fines took effect at the beginning of this month. In May, the Bank of Montreal and the Canadian Imperial Bank of Commerce’s Simplii Financial digital banking brand said thousands of their customers may have had their personal and financial data compromised 47

November 15, 2018 4:40 PM Rupert Murdoch, sons begin their goodbyes to 21st Century Fox

Now, Rupert Murdoch is midway through a dramatic downsizing of his corporate dominion. He orchestrated the sale to Disney because he feared that Fox lacked the scale to successfully compete against such technology giants as Google, Facebook and Netflix. As his son spoke, Rupert Murdoch quietly studied a briefing book atop a long rectangular table —draped 33

November 14, 2018 5:14 PM UBS hires bankers for new group courting pensions, wealth funds

The Swiss bank hired former Wells Fargo & Co. bankers Grant Thompson and Sandra Godard as managing directors for a new group dubbed Alternative Capital Solutions, according to a memo sent Wednesday by Sam Kendall, UBS’s head of corporate client solutions in the Americas. Erica Chase, a UBS spokeswoman, confirmed the contents of the memo. Thompson, who is based 27

November 11, 2018 6:49 PM ‘Boring’ Mawer Hires Scotiabank to Explore Options Such as Sale

Closely held Mawer Investment Management Ltd. has hired Bank of Nova Scotia to explore options such as a sale, following a wave of transactions involving Canadian money managers. “Given recent activity in the industry, Mawer has engaged an adviser to obtain more information on the options available to the firm as part of our strategic planning process 41

October 10, 2018 3:15 PM Woman who spent $21 million at Harrods fights U.K. order to explain source of her wealth

Hajiyeva’s husband, former International Bank of Azerbaijan chairman Jahangir Hajiyev, was sentenced to 15 years in jail in his home country in 2016 for fraud and embezzlement. The case marks Britain’s first use of Unexplained Wealth Orders, introduced this year in a bid to curb London’s status as a haven for ill-gotten gains. The orders allow authorities 32

August 29, 2018 6:24 PM National Bank reports third-quarter profit up 10 per cent from year ago

National Bank chief executive Louis Vachon said it was “another quarter of excellent performance in each business segment thanks to sustained revenue growth and effective cost management.” The bank said its personal and commercial banking group earned $248 million in the third quarter, up from $235 million in the third quarter of 2017. The wealth management 32