Author of the article: Paula Sambo and Kevin Orland
Publishing date: Jul 22, 2021  â¢Â 10 hours ago  â¢Â 2 minute read  â¢Â
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(Bloomberg) â Funds managed by BlackRock Inc. and Canaccord Genuity Group Inc. are in advanced talks to buy Bridging Finance Inc., the private lender that was seized by Canadian regulators amid an investigation of its top executives, according to people familiar with the matter.
BlackRock funds and Canaccord have reached out to regulators to put in a bid for the firm, which had about C$2 billion ($1.6 billion) under management as of December, the people said, speaking on condition they not be identified because the matter is private.