Here are the top reads on deals and financial services over the last 24 hours,
Anbang hires CBRE to sell four Bentall Centre towers in Vancouver: sources: Anbang Insurance Group has hired a broker to sell its Vancouver office towers and plans to put the properties up for sale early next year, according to sources with knowledge of the matter. The Chinese insurance conglomerate has tapped commercial realtor CBRE to sell four of the five Bentall Centre towers that it owns, said the sources who were not authorized to speak publicly due to confidentiality reasons. Story (Rachelle Younglai, for subscribers)
Why the debt market shakeup spells trouble – for investors and for the economy: Investors are pulling their money out of securities that pool low-grade corporate debt, creating stress in one of the riskiest corners of North America’s debt markets. Since mid-November, mutual funds and exchange-traded funds that allow retail investors to bet on so-called leveraged loans have seen a total of about US$9-billion in outflows by U.S. investors. That includes a withdrawal of US$2.5-billion from leveraged-loan funds in just five days in early December, setting a new weekly record for net outflows. Story (Tim Kiladze, for subscribers)
MORE FINANCIAL SERVICES NEWS
Charges: Deutsche Bank, Credit Agricole, Credit Suisse and another bank have been charged by European Union antitrust regulators for being in a bond trading cartel. Story
MORE DEALS NEWS
Cigarette sector: Marlboro cigarette maker Altria Group Inc will buy a 35 per cent stake in Juul Labs Inc for $12.8 billion, a marriage between an old-line tobacco giant and a fast-growing electronic-cigarette rival looking to make inroads among smokers. Story (for subscribers)
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