06:55 AM EDT, 05/31/2024 (MT Newswires) -- Hedge fund manager Bill Ackman plans to take his investment firm Pershing Square public as early as 2025, people familiar with the matter were quoted as saying by The Wall Street Journal on Friday. Ahead of a possible initial public offering, Ackman is selling a stake in his firm to private investors in...

06:54 AM EDT, 05/31/2024 (MT Newswires) -- The Bank of Canada is disappointed with the country's lack of progress toward launching a modernized payments system, a senior bank official said Thursday, The Globe and Mail reported It noted Ron Morrow, executive director of payments, supervision and oversight at the central bank, said in a speech in Toronto that Canada lags...

06:57 AM EDT, 05/31/2024 (MT Newswires) -- Following a multi-year period of soft foreign direct investment (FDI) inflows, Canada hit a new milestone in Q1 -- flows marked a net divestment from the country for the first time in 14 years, noted Bank of Montreal /(BMO). True, the figure was weighed by merger-and-acquisition (M&A) activity in the finance and insurance...

May 31 (Reuters) - Laurentian Bank of Canada ( LRCDF ) said on Friday it had recorded impairment and restructuring charges of C$196.8 million ($144.4 million) in the second quarter. The charge was related to the restructuring of the bank's operations and the impairment of its personal and commercial banking segment, Laurentian said. The bank also booked severance charges of...