A Bay Street sign is seen in the financial district in Toronto in this file photo.Mark Blinch/The Globe and Mail
Gibson Energy Inc.'s largest shareholder says it's frustrated with the slow pace of the company's restructuring and is demanding a new round of asset sales to set the remaining oil-storage business up to be an attractive acquisition target. Story (Jeff Jones, subscribers)
Charyl Galpin is no longer the head of Bank of Montreal's investment dealer BMO Nesbitt Burns and is moving to a new role within the bank. Story (Clare O'Hara, subscribers)
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ELSEWHERE IN FINANCE
Jennifer Reynolds has spent the past four years championing the importance of diversity on the trading floors of Canadian financial institutions. Next month, as she takes the helm of the Toronto Financial Services Alliance, the former investment banker will be shifting her focus to promoting Toronto's financial services sector on the global stage. Story (Alexandra Posadzki)
Barclays plans to close around 54 branches by the end of the year in an effort to cut costs, further reducing access to banking services for customers in parts of Britain. Story
IPOs
The angry birds at Rovio Entertainment Oy are set to lay a golden egg for the company's founders. The firm is planning an initial public offering as early as next month that could value the maker of the Angry Birds mobile games and movie at about $2-billion, said people familiar with the matter. Story
WHAT WE'RE READING
Onex Corp held an initial close on fundraising for its fifth flagship private equity fund, securing 80 per cent of the $6.5-billion (U.S.) target. PE Hub
IN CASE YOU MISSED IT
Ten years later: What did we learn from the subprime storm? Story (David Parkinson, subscribers)