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)
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)
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