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Financial Services and Real Estate Headlines

Canada's Liberals look to economy to guide them past ethics scandal

Canadian Prime Minister Justin Trudeau's government has been badly shaken by a conflict-of-interest controversy about his finance minister, but the Liberal government's upcoming fiscal update offers an opportunity to reset the public focus on Canada's strong economy, political observers say.

Creditors win closely watched appeal in Momentive bankruptcy

A U.S. appeals court in New York on Friday ruled in favor of senior creditors who had contested interest rates imposed on them during the bankruptcy of silicone maker Momentive Performance Materials, reversing a decision that had sparked alarm among lenders.

UPDATE 2-Wells Fargo regulatory woes continue in autos, forex -reports

Wells Fargo & Co is facing fresh regulatory scrutiny in both its consumer and institutional businesses, according to reports in the New York Times and Wall Street Journal on Friday, as the third-largest U.S. bank continues to work through a prolonged scandal over its sales practices.

Lawyer charged alongside Martin Shkreli goes on trial

Jurors were presented with a stark choice during opening statements Friday in the trial of Evan Greebel, the lawyer charged with conspiracy alongside former drug executive Martin Shkreli: was he Shkreli's "right hand man," or a victim of his deceit?