Canada Life Assurance Co. – a subsidiary of Great-West Life – will purchase Investment Planning Counsel for $575-million in an all-cash deal from its sister company IGM Financial. IGM Financial Inc. IGM-T and Great-West Lifeco Inc. GWO-T have struck a deal that will see independent wealth manager Investment Planning Counsel Inc. change hands while IGM…
Tag: introduction to finance
Jamie Dimon says the banking crisis is not over yet, blames the Fed for problems
Breadcrumb Trail Links News Finance Banking Dimon points finger at regulators for bank collapses Author of the article: Bloomberg News Hannah Levitt Published April 04, 2023 • Last updated 1 week ago • 3 minute read JPMorgan & Chase chief executive Jamie Dimon in February. Photo by Marco Bello/Reuters Article content Silicon Valley Bank’s blunders…
Should You Be Concerned About Arsenic in Rice?
Arsenic-based pesticides have been used in agricultural practices for many years, and, accordingly, soils and groundwater in the US are contaminated with varying levels of arsenic. Because arsenic exists in soil and water, it finds its way into our food supply. And nearly all foods contain some level of arsenic. What Foods Have the Most…
Stellantis Says Auto Loans Are Getting Longer as Demand Remains High
Side view of a Jeep Renegade in a dealership lot Stellantis has also noticed that average new vehicle financing terms are getting longer, GM’s electric cargo vans are proving somewhat popular, and a never-ending tire trade secret scandal has swung back in Goodyear’s favour. All that and more in this edition of The Morning Shift…
You’re Right, It Is Very Expensive to Finance a Car These Days
Average new-car prices aren’t getting any more reasonable, and if you’re someone who finances their vehicle, you’re probably wondering where all the money’s going. The average APR for new vehicles financed in March was 7 percent, helping create a market where the average payment for a new car is, gulp, $730. That’s bad, but the…
Bloomberg unveils finance-focused AI model Bloomberg GPT
SlateStone Wealth chief market strategist Kenny Polcari discusses when the Fed could cut rates and if it’s too early to invest in AI on ‘Varney & Co.’ Bloomberg, a leading financial data services provider, this week unveiled a new artificial intelligence (AI) model that aims to revolutionize the finance industry in the same way programs…
How women answer 5 questions could be a financial wake-up call: Suze Orman
Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios In New York. Jenny Anderson | WireImage | Getty Images At the end of each episode of her long-running CNBC eponymous show, Suze Orman would close out with the phrase, “People first, then money, then things.” Women took that to mean they should give…
The banking crisis is ‘over,’ top analyst Dick Bove says. Here’s why.
The banking crisis is finished. That’s a somewhat surprising message from OG banking analyst Dick Bove, who rose to fame with his bold calls at the height of the 2008-2009 crisis. “I think that the near-term banking crisis is definitely over,” the Odeon Capital Group Financial analyst said on Yahoo Finance Live (video above). Bove’s…