A Bay Street sign hangs in front of the CN Tower in the financial district in Toronto.Mark Blinch/The Globe and Mail
Alternative lender Callidus Capital Corp.'s share price fell 21 per cent late Wednesday following press reports that the company is the subject of whistle-blower complaints with Canadian market regulators. Story (Andrew Willis)
What just happened at Home Capital makes it a whole lot more difficult to be a director, or senior executive, at a public company. It forces business leaders to second-guess advice they are getting from outside professionals, such as lawyers and accountants. Story (Andrew Willis, subscribers)
Global investment banking and financial services company Macquarie Group Ltd. is expanding its Canadian research division with two hires meant to bring more focus to consumer sector analysis. Story (Mark Rendell, subscribers)
DAILY DEALS
Netherlands-based telecom conglomerate Altice NV and its U.S. cable unit are in the early stages of working on an offer to buy Charter Communications Inc., sources told Reuters on Wednesday, in a move that would build more scale in the United States. Story
U.S. credit card processing company Vantiv moved closer to creating a $29-billion global payments powerhouse on Wednesday with a formal offer to buy Britain's Worldpay for 8 billion pounds ($10-billion). Story
ELSEWHERE IN FINANCE
Goldman Sachs joined the throng of new entrants into the U.K. pension-insurance market back in 2007. This is a business that has proved much easier to get in to than get out of. Bloomberg
The Bank of England said a transition period after Britain leaves the European Union would give banks more time to make orderly changes as Brexit poses risks to financial stability. Story
Texas billionaire brothers known for success in the fracking business and for funding U.S. conservative causes are betting on the Canadian oil-field-service industry returning to better times. Story (Jeffrey Jones and Kelly Cryderman, subscribers)