Weakness in investment banking to be offset by strong trading activity
Investment advisors registered with the new firm will be licensed in both Canada and the U.S.
Fixed-term deposits reached a record high in mid-2022, ISS reported
Strategic revamp delays profitability, carries execution risk
Financial institutions well positioned to weather declining credit quality, Fitch says
Hwang owned a New York–based hedge fund that collapsed when it defaulted on margin calls
Alongside Manulife Securities getting a new president and CEO, other shifts occurred
Changes include clearer requirements for dealers to conduct investigations
Operating conditions are set to improve alongside growth and rising rates
Sector faces competitive and regulatory headwinds, even as recovery solidifies, Fitch says