Industry

S&P cuts CI Financial’s credit rating to junk

Following CI's request to withdraw coverage, S&P dropped its rating for the asset manager

By Rudy Mezzetta |May 2, 2023

3 min read

Data breach exposed Mackenzie clients’ personal data but not holdings, firm says

InvestorCOM, a vendor of Mackenzie Investments, had data exposed when hackers targeted a secure file transfer service

By Greg Meckbach |May 2, 2023

2 min read

HSBC expects later close of Canadian division sale to RBC

Both the Competition Bureau and OSFI are reviewing the transaction, which requires approval from the finance minister

By Staff, with files from The Canadian Press |May 2, 2023

2 min read

FDIC recommends overhauling U.S. insurance deposit system

The proposal appears to acknowledge the FDIC is looking for ways to calm depositors and markets

By The Associated Press |May 1, 2023

2 min read