Manulife quarterly profit rises 26%
Article Abstract:
Manulife Financial Corp., on the verge of becoming Canada's largest publicly traded company, reported on April 26, 2004, a 26-percent increase in first-quarter profit as its wealth management operations continued to benefit from improving stock markets. The insurer closed its $15-billion takeover of Boston-based John Hancock Financial Services Inc. on April 28, 2004, a deal that would keep it ahead of Royal Bank of Canada as the biggest member of the Toronto Stock Exchange.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004
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CIBC's solid profit overshadowed by woes
Article Abstract:
Canadian Imperial Bank of Commerce (CIBC) has taken a $50-million charge to fund a possible settlement over its alleged role in the US mutual fund trading scandal. The chief executive of CIBC, John Hunkin acknowledged at CIBC's annual meeting that the bank's well-documented troubles with US regulators over Enron Corp. and the mutual fund investigation have stained its public image.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
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