Here are the top reads on deals and financial services over the last 24 hours,
FINANCIAL SERVICES NEWS
Brookfield Property Partners profit jumps despite challenges in retail divison: Real Estate giant Brookfield Property Partners LP saw its earnings jump 80 per cent in the fourth quarter despite pressure on its retail side from a rise in tenant bankruptcies. (The Canadian Press)
HSBC to cut some senior managers as part of strategy overhaul: sources: HSBC is set to unveil a new round of job cuts targeting senior international managers and reduce its presence in some smaller markets as part of a wider strategy overhaul, people with knowledge of the matter told Reuters. (Reuters)
DEALS NEWS: MERGERS, ACQUISITIONS, IPOs and FINANCINGS
Eddyfi Technologies buys pipeline inspection company NDT Global: Eddyfi Technologies, a Quebec-based developer of high-tech equipment that detects damage and defects in metals, has bought a global pipeline inspection company in a deal that will see it become a direct service provider to energy transporters. (Jeffrey Jones)
Online mattress retailer Casper cuts IPO valuation target: Casper Sleep Inc. on Wednesday slashed the valuation it is seeking in its initial public offering, as the money-losing online mattress retailer tries to lure investors in a tepid market for startup IPOs following WeWork’s debacle last year. (Reuters)
IN CASE YOU MISSED IT
Mortgage rates fall amid sharp drop in bond yields: Toronto-Dominion Bank is the first major lender to lower its posted rate for five-year fixed rate mortgages as bond yields fall. (James Bradshaw and Matt Lundy)
New Caisse boss is François Legault’s man: The search for a new boss to lead Caisse de dépôt et placement du Québec through what promises to be a challenging five years ended up pretty much where it began with the appointment last week of Charles Émond to take over from Michael Sabia. (Konrad Yakabuski)
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