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Morning meeting: PFGBest auditor fits an alarming pattern

Joanna Wnuk/Getty Images/Hemera

The use of a small, nondescript auditing company by collapsed brokerage PFGBest is drawing comparisons to recent fraud cases and should have been a red flag for regulators.

Maple bid for TMX clears last regulatory hurdles
A dozen of the country's most powerful financial institutions are on the doorstep of success in their 14-month quest to buy the owner of the Toronto Stock Exchange and reshape the business of stock trading in Canada.

Groupon stock plumbs new depths
Another day, another selloff.

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The future of hedge funds is not pretty
The Economist's Buttonwood identifies four trends that don't bode well for the "smartest guys in the room".

In Latin America, nationalism stumps Canadian mining companies
Bolivian President Evo Morales has revoked the mining rights of Vancouver-based South American Silver Corp., the latest blow to foreign miners operating in Latin America amid a growing wave of resource nationalism.

HSBC to apologize to U.S. authorities
The New York Times is reporting that representatives of Europe's largest bank will " acknowledge and apologize" before a Senate subcommittee next week for their failure to detect potential money-laundering activity.

Debt to push gold to record highs in 2012, says Sprott
The weight of crushing debt will drag on the global economy and send gold prices to new highs before the year is out, predicts Eric Sprott.

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