Skip to main content

Streetwise Streetwise newsletter: Brookfield Financial loses two top partners; the latest on Quadriga’s missing money

Here are the top reads on deals and financial services over the last 24 hours,

Brookfield Financial loses two top partners in New York and London: Two of Brookfield Financial’s top partners in New York and Britain have left in the latest shakeup at the real estate brokerage, according to people familiar with the matter. Story (Rachelle Youglai, for subscribers)

Story continues below advertisement

Quadriga management ‘error’ the cause of recent cryptocurrency transfer, Ernst & Young says: The court-appointed monitor overseeing the search for millions of dollars lost by a Canadian cryptocurrency exchange says an additional $500,000 worth of bitcoin was transferred earlier this month as a result of a company “error.” Story (Alexandra Posadzki, for subscribers)

Sabia touts SNC’s long-term value as Caisse posts 4.2-per-cent return: Michael Sabia, chief executive of Caisse de dépôt et placement du Québec, rose to the defence of SNC-Lavalin Group Inc. on Thursday, saying despite legal uncertainty in Canada and trouble with a mining contract in Chile the company still represents long-term value. The Caisse holds a 20-per-cent stake in SNC-Lavalin, at the centre of the current scandal rocking the ruling federal Liberal party. Story (Les Perreaux and David Milstead, for subscribers)

MORE FINANCIAL SERVICES NEWS

Regulatory inquiry: The money laundering scandal at Danske Bank deepened on Thursday as the Danish lender said it had received an inquiry from the U.S. Securities and Exchange Commission (SEC). Story

Lawsuit: The city of Philadelphia has filed an anti-trust lawsuit accusing seven major banks, including Royal Bank of Canada, of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars. Story (for subscribers)

The Streetwise newsletter is Tuesday to Saturday. If you’re reading this on the web, or if someone forwarded this e-mail to you, you can sign up for Streetwise and all Globe newsletters on our signup page.

Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Discussion loading ...

Cannabis pro newsletter