Freedom fighters: Canadian finance

Article Abstract:

The six largest banks in Canada, although not popular with the public, continue in their attempts to grow. Royal Bank of Canada has offered C$2.4 bil for life insurance company London Life of Canada, while Bank of Nova Scotia is offering C$1.3 bil for mortgage lender National Trust. The market share of banks in Canada's financial services sector has been severely eroded by the entry of foreign firms, such as the US's GE Capital and Fidelity Investments. Dutch financial services company ING is even threatening the Canadian banks' retail market share by offering a savings account administered via telephone that pays higher interest rates.

Other Financial Vehicles, Financial Services NEC, Banking industry, Canada, Financial services industry, Financial services

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Herr Dobson's fishing trip

Article Abstract:

Deutsche Morgan Grenfell (DMG) has been tempting top employees from other merchant banks with incredibly high salary offers. DMG, which was formed after Deutsche Bank acquired Morgan Grenfell, has angered its competitors with this tactic. DMG has hired over 200 bankers and hopes to lure 200 more.

Human resource management, Employee recruitment, Ethical aspects, Merchant banks, Deutsche Morgan Grenfell Group PLC

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