Can’t-miss stories from the web
The Royal Bank of Scotland says co-operating with Canada’s Competition Bureau in its investigation into a rate-rigging scheme would amount to an “unreasonable search and seizure” and violate its “privilege against self-incrimination.”
The justification for Munk’s influence at Barrick wanes
Barrick Gold Corp. shareholders have a chance to get answers next week to some of the most pressing questions about the ouster of Aaron Regent as chief executive officer, but one key question about the future of the world’s largest gold producer will almost certainly remain.
BoE’s King says Barclays was in denial over Diamond
Bank of England chief Mervyn King said on Tuesday that Barclays was in such denial about the gravity of an interest rate fixing scandal that he was forced to tell the bank that regulators had lost confidence in Bob Diamond as chief executive.
Global turmoil boosts Canada’s bond sales
Foreign money is flooding into Canada like never before, helping to drive the yield on Canada’s benchmark 10-year bond to a record low and sending rates plunging across the board.
RioCan-Allied venture spawned by Google Earth
The unique joint venture that RioCan REIT and Allied Properties REIT announced Monday came about thanks to Google Earth, says RioCan chief executive Ed Sonshine.
Canadian banking industry bucks global trend
While global banks shutter branches in the name of efficiency, Canada’s network continues to grow.