FinTechMergers & AcquisitionsWealth Management

Ontario Teachers’ agrees to acquire HomeEquity Bank

TORONTO, ON– Ontario Teachers’ Pension Plan Board has agreed to acquire HomeQ Corporation, the parent company of HomeEquity Bank, from Birch Hill Equity Partners Management Inc.  and the other minority shareholders of HomeQ. The completion of the acquisition is subject to receipt of required regulatory approvals, which the parties expect to …

Business BankingWealth Management

Scotiabank establishes Global Wealth Management as formal business line,

Global Wealth Management uniquely positioned for growth TORONTO–Scotiabank is establishing Global Wealth Management (GWM) as a distinct business line, given its significant scale, double-digit asset growth over the last few years, and strong continued contribution to all-Bank earnings. “Establishing Global Wealth Management as a distinct business line is a testament …