Richardson Wealth parent firm posted $5.3-million net loss in first quarter
The cancellation of the transaction comes amid upheaval in the U.S. banking sector
Deal activity settling at lower level, post-pandemic, Crosbie & Co. reports
Fleeing financial advisors and clients could reduce bailout's benefit to the bank
Both the Competition Bureau and OSFI are reviewing the transaction, which requires approval from the finance minister
Customers pulled out more than US$100 billion in deposits after SVB and Signature Bank failed
Toronto-based firm said it would use proceeds from the sale to pay down debt
The exchange was acquired last year by Chicago-based Cboe
Turmoil at the bank has simmered down, but challenges for Credit Suisse and the takeover deal have not
At the bank's annual meeting, shareholders were left with few answers on the US$13.4-billion takeover