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Wall Street | April 16, 2020

As Wall Street stocks pause for breath following a blistering three-week surge, signals from the options market are suggesting that some investors believe the gains may endure.The Cboe Volatility Index , known as “Wall Street’s fear gauge,” ended below 40 on Tuesday for the first time since March 5, after rising as high as 82.69 during a sell-off that took the S&P 500 down as much as 34% from its peak. That 40 level is a significant one for some VIX watchers: The pre...

PR Newswire | July 31, 2020

OCM Capital Partners LLC ("OCP"), a subsidiary of CI Financial Corp. (TSX: CIX) ("CI") of Toronto, announced today that it has reached an agreement to acquire Thousand Oaks Financial Corporation, a registered investment advisor firm based in Thousand Oaks, California operating under the name Professional Planning. Professional Planning offers financial planning and wealth management services and has approximately US$440 million in assets under management (as at June 30, 2020)...

Reuters | March 04, 2020

The interest rate on U.S. overnight repurchase agreements slipped on Friday after an operation conducted by the New York Federal Reserve that parked $75 billion in temporary cash in the U.S. banking system. The overnight repurchases agreement (repo) rate was last USONRP= 1.85%-1.95%, compared with 1.90%-2.00% before the latest repo operation. They ended at 1.75% late on Thursday after hitting 10% on Tuesday, according to Refinitiv data. The U.S. central bank has conducted a series of cash-adding...

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Volante | February 10, 2022

Volante Technologies and FIMBank to extend their payments innovation journey. Volante Technologies, the cloud payments and financial messaging leader, announced its extension in support of plans to deploy additional rails and components from the Volante Payments as a Service (PaaS) cloud-native payments processing platform. FIMBank is a leading trade finance and forfaiting solutions provider and has served in the payment sector for a long period. The first suite of collaboration b...