Bankers raise red flag over hedge funds

Article Abstract:

Canada's major banks are demanding for greater regulatory scrutiny of secretive hedge industry considering that Gordon Nixon, chief executive of Royal Bank of Canada attributed the concern in the financial markets to the size and the speed of growth of the hedge industry. A report by Investor Economics, Toronto, revealed that Canadian-sponsored hedge funds held $14.1 billion in assets during June 2004 compared to $2.5 billion in 1999.

Commercial Banks, Government regulation (cont), Government regulation, Laws, regulations and rules, Hedge funds

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RBC strikes Enron settlement

Article Abstract:

A proposed settlement between Enron Corp. and Royal Bank of Canada would pay the bank $195 million in cash and debt. The settlement was made with Enron and Rabobank Group, a leading financial services company in The Netherlands.

United States, Netherlands, Financial management, Company legal issue, Cases, Finance, Gas transmission industry, Enron Corp., Royal Bank of Canada, ENE, Company financing, Rabobank Nederland

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