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

FINANCIAL SERVICES NEWS

BlackRock ousted Mark Wiseman for affair with colleague who reported to him: Mark Wiseman’s ouster from investment giant BlackRock Inc. over his failure to disclose an affair with a colleague marks an abrupt exit for one of the most powerful Canadians on Wall Street. Story (Tim Kiladze, Clare O’Hara, Christine Dobby and Andrew Willis)

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Canada’s largest banks brace for tough year ahead as global pressures weigh on economy: Canadian banks ended the 2019 fiscal year on a sour note, as Toronto-Dominion Bank and Canadian Imperial Bank of Commerce reported lower profits amid deteriorating credit conditions and signs of economic stress. Story (James Bradshaw)

TD profit falls 4 per cent on restructuring charge, higher loan-loss provisions: Toronto-Dominion Bank’s fiscal fourth-quarter profit fell 4 per cent, hampered by a restructuring charge and expectations of higher loan losses. Story (James Bradshaw)

CIBC profit dips 6 per cent as bank earmarks more money for bad loans: Canadian Imperial Bank of Commerce suffered a 6-per-cent dip in fourth-quarter profit as the bank earmarked large sums of money to cover potential loan losses. Story (James Bradshaw)

OSC to hear Catalyst’s case against HBC bid as vote nears: Catalyst Capital Group Inc. will get the opportunity to press its case against a privatization of Hudson’s Bay Co. at the Ontario Securities Commission next Wednesday, less than a week before shareholders are scheduled to vote on the $1.1-billion plan. Story (Jeffrey Jones)

Laurentian Bank’s ‘heavy lifting’ isn’t enough: Laurentian Bank of Canada is a cheap stock. And it will likely stay that way. Opinion (David Berman)

DEALS NEWS: MERGERS, ACQUISITIONS, IPOs and FINANCINGS

IPO could be the key that unlocks Telus International’s true value, analysts say: Telus Corp. could unlock significant value by taking its international unit public, analysts said Thursday after the Canadian telecom company announced it has struck a deal to acquire a German content moderator. Story (Alexandra Posadzki)

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