Bankers raise red flag over hedge funds
Article Abstract:
Canada's major banks are demanding for greater regulatory scrutiny of secretive hedge industry considering that Gordon Nixon, chief executive of Royal Bank of Canada attributed the concern in the financial markets to the size and the speed of growth of the hedge industry. A report by Investor Economics, Toronto, revealed that Canadian-sponsored hedge funds held $14.1 billion in assets during June 2004 compared to $2.5 billion in 1999.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
RBC strikes Enron settlement
Article Abstract:
A proposed settlement between Enron Corp. and Royal Bank of Canada would pay the bank $195 million in cash and debt. The settlement was made with Enron and Rabobank Group, a leading financial services company in The Netherlands.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Related-party deals raise red flags. U.S. court tightens screws on Conrad Black's finances
- Abstracts: Ontario to lure leading-edge auto plants. CRTC reins in major carriers on VoIP to create competition. Key talks on beef planned
- Abstracts: MCI lashes back at AT&T over telecom fraud allegations. From MCI, a Lesson in Corporate Complacency
- Abstracts: Foreign exchange transactions drive Decoma?s sales, profit. Icahn may increase Fairmont bid, with conditions
- Abstracts: Tiny Toronto bike firm spins success. Domtar profit plunges 85%