Financial services

Hong Kong to restrict crypto exchanges to professional investors

Global investment banks led the deal flow in Canada as first-quarter M&A activity reaches new five-year high

Wells Fargo’s involvement in Archegos fallout could draw regulatory scrutiny, analysts say

Moody’s fined $4.4-million by EU for failing to disclose conflicts of interest

Visa moves to allow payment settlements using USD Coin cryptocurrency

Nomura and Credit Suisse warn of big losses after Archegos share dump

Digital payments provider Mogo set to become second Canadian company offering no-commission stock trading

Former Air Canada CEO Calin Rovinescu joins Brookfield as adviser

Startup founded by ex-Deloitte AI head Shelby Austin nets first venture funding to fuel expansion

Program aims to help lower-income BIPOC students qualify for financial-services jobs

Wealthsimple selling U.S. book of business to robo-adviser Betterment

TD Bank CEO Bharat Masrani’s total compensation falls to $10.5-million in pandemic year

Canada’s mortgage rates edging higher for first time since start of COVID-19 pandemic

CIBC and BMO delay return to office for most employees until at least the end of June

CPPIB chief executive Mark Machin steps down in the wake of COVID-19 vaccination controversy

Caisse posts 7.7% return for 2020 as private credit investments, equities rally offset real estate weakness

Winnipeg’s Farmers Edge boosts IPO size to $125-million on heavy investor demand

RBC, National Bank report higher first-quarter profit on surging trading fees, lower loan-loss provisions

Scotiabank, BMO profits rise as loan-loss provisions ease

NextPoint to acquire tax preparation firm Liberty Tax and lender LoanMe for US$354-million

IKEA branches out into consumer banking with Ikano Bank deal

Laurentian Bank shakes up top ranks with three senior appointments

CIBC’s sale of Caribbean business blocked over regulator’s concerns about risk in ownership change

National Bank names veteran Laurent Ferreira as chief operating officer, setting up likely succession plan

TD buys Wells Fargo’s Canadian equipment-financing business

BlackRock profit jumps 20% as its assets under management hit record

Desjardins pays $1-million penalty over mutual fund sales

LSE gets conditional EU approval for $27-billion Refinitiv acquisition

Laurentian Bank names Yvan Deschamps as new chief financial officer