Bloomberg Business

Chinese Investment in Europe Drops, Except for EV-Batteries

Chinese investment in Europe plunged by more than a fifth last year to a decade low as a shift toward greenfield investments in electric-vehicle batteries only partially offset a steep decline in mergers and acquisitions, a survey showed.

TD’s Transaction Practices Drew Regulator Scrutiny on Nixed Deal

Toronto-Dominion Bank’s planned $13.4 billion purchase of First Horizon Corp. was held up as US regulators scrutinized the Toronto lender’s handling of suspicious customer transactions — a delay which contributed to the banks’ decision to abandon the deal, according to a person familiar with the matter.

Canaccord Dives as Management Buyout Is Thrown Into Doubt

Canaccord Genuity Group Inc. warned that it may not be able to get quick approval of a management buyout because of an “ongoing regulatory matter” at one of its foreign divisions. The shares dropped more than 13%.

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