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BlackRock and Canaccord Are in Advanced Talks to Buy Bridging

Author of the article:
Paula Sambo and Kevin Orland
Publishing date: Jul 22, 2021 Â â¢Â 10Â hours ago Â â¢Â 2 minute read Â â¢Â
Article content
(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. ....

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Bridging has drawn 'broad range' of interested suitors: PwC

Bridging has drawn 'broad range' of interested suitors: PwC
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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'Give me a break': Bridging Finance, Sean McCoshen sued over Alberta-Alaska rail plan - Article

'Give me a break': Bridging Finance, Sean McCoshen sued over Alberta-Alaska rail plan - Article
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Allegations surround deals brokered by embattled Winnipeg businessman McCoshen

Allegations of financial irregularities and kickbacks are swirling around a local businessman &mdash. ....

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What's under Bridging Finance's hood? A rare peek at the firm's struggling loans

The Globe and Mail has obtained documents that provide new insights into Bridging’s portfolio, and an analysis shows that several of its largest loans were struggling prior to the receivership ....

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