Toronto To Overtake London As A Hub For Bankers

MILESTONES: TORONTO   By Erik Heinrich   Canada’s financial capital is on track to become one of the largest global banking centers—overtaking London in the number of banking jobs by 2017, according to Moody’s Analytics.   Toronto to overtake London in banking ...

Jon Corzine Has A Lot Of Explaining To Do

NEWSMAKERS: UNITED STATES   By Gordon Platt   Jon Corzine, the former governor of New Jersey and once a US senator, believes that a man’s word is his bond.   Fallout from MF Global raises concerns over CFTC watchfulness When ...

Domestic Group Makes Move To Buy Canadian Exchanges

MILESTONES / CANADA   by Erik Heinrich   Near-monopoly: Bid faces antitrust scrutiny The London Stock Exchange (LSE) has been stymied in its attempt to take over Canada’s TMX Group, parent of the Toronto and Montreal exchanges and the TSX ...

US Finance Industry Assess Galleon Ruling

MILESTONES: UNITED STATES   By Anita Hawser   It may have taken only 12 days of deliberations for the jury in the Galleon trial to convict Raj Rajaratnam, the co-founder of Galleon Group, of 14 counts of securities fraud, but ...

Voice Of Moderation Leaves FDIC

NEWSMAKERS: UNITED STATES   By Gordon Platt   Sheila Bair, the populist bank regulator who warned in advance that the subprime mortgage crisis was coming, is stepping down on July 8 as chairman of the Federal Deposit Insurance Corporation.   ...

Boehner Blinks In Budget Showdown With Obama

NEWSMAKERS: UNITED STATES   By Gordon Platt   Speaker of the US House of Representatives John Boehner told his fellow Republicans to prepare for a government shutdown last month, as the standoff with Democrats on the budget came down to ...

Bernanke Heralds A New Era Of Fed Openness

NEWSMAKERS: UNITED STATES   By Anita Hawser   With the US economy still in recovery mode, monetary policy decisions of the Federal Reserve can have a major impact on which way the markets move.   Bernanke opens up But now, ...

New Leaders Face Tricky Economic Balancing Act

MILESTONES: CANADA   By Erik Heinrich   As Canada heads early this month into its fourth federal election in seven years, policymakers are facing serious questions over the prospects for the country’s economy.   Canada slows spending The Bank of ...

US: Nuclear Energy Central To Policy

MILESTONES: UNITED STATES   By Gordon Platt   Panic-stricken residents of Western US states cleared pharmacy shelves of potassium iodide tablets last month, amid fears that radiation from Japan’s nuclear crisis could reach the West Coast.   Obama: No plans ...