Bank of Nova Scotia posted fiscal second-quarter earnings of C$1.70 per share, up from the year-ago figure of C$1.62 per share. Scotiabank also secured approvals from the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions for the repurchase of up to 24 million of its common shares.
Two Canadian banks were targeted by hackers who demanded a ransom of C$1 million, CBC News reports. Simplii Financial, owned by Canadian Imperial Bank of Commerce, received a tip that hackers were in possession of personal and account information of over 40,000 customers. Meanwhile, hackers had access to the information of up to 50,000 customers of Bank of Montreal, according to the report. Bank of Montreal, in a statement, said that the hackers originated the attack from outside the country. "We took steps immediately when the incident occurred and we are confident that exposures identified related to customer data have been closed off," Bank of Montreal added.
Asset management firm Blackstone Group LP in April acquired the La Quinta Resort & Club and the PGA West golf course in La Quinta, Calif., from the Singapore sovereign wealth fund GIC Private Ltd., The (Palm Springs, Calif.) Desert Sun reports, citing county real estate records. The purchase price was not disclosed.
Goldman Sachs Group Inc.'s private equity fund, West Street Capital Partners, invested around $200 million in Voodoo, a French mobile video game maker, Reuters reports, citing an unnamed source. Terms of the deal were not specified, but Voodoo co-founders Alexandre Yazdi and Laurent Ritter will maintain control over a majority of the shares, according to the report.
In other parts of the world
Asia Pacific: China overseeing 5 financial firms; SGX, NSE end trading link talks
Europe: UK readying RBS stake sale; Italian bank stocks fall amid political turmoil
Middle East & Africa: Kenya, Tunisia hold rates; First International Bank of Israel posts Q1 profit
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng lost 1.00% to 30,484.58, while the Nikkei 225 fell 0.55% to 22,358.43.
In Europe, around midday, the FTSE 100 dropped 1.36% to 7,625.13, and the Euronext 100 shed 1.16% to 1,054.14.
On the macro front
The S&P Corelogic Case-Shiller home price index, the consumer confidence report, the State Street investor confidence index and the Federal Reserve Bank of Dallas manufacturing survey are due out today.
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