Canada’s small brokerage firms will be forced to shut down or combine if the country’s lackluster capital markets don’t improve, said Ian Russell, CEO of the Investment Industry Association of Canada.
Take the money and run ?
Russian investment banks controlled by the government of President Vladimir Putin are squeezing out foreign competitors, helped by a bailout of the country’s richest men five years ago.
KPMG said late on Monday it had fired a senior partner in the accounting firm's Los Angeles office for allegedly providing inside information to an unnamed third party, who then used that information to trade in stocks of several West Coast companies.
Credit Suisse and Julius Baer Group are ready to close the accounts of German clients who can’t prove they comply with their tax requirements, officials at both companies said.
Lab49 UK Limited is a rapidly growing technology consulting firm that builds advanced solutions for the financial services industry. Clients include many of the world’s largest investment banks, hedge funds and exchanges.
The Commodity Futures Trading Commission has issued subpoenas to ICAP brokers and as many as 15 Wall Street banks as part of an investigation into possible price manipulation of benchmark interest-rate swaps, according to people familiar with the matter.
By Neil Irwin
Sorry Roman. You've been eclipsed.
In case you missed them, here's last week's top stories.