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Here are the top reads on financial services and deals over the past 24 hours,

Wealth management: Bank of Nova Scotia is extending a string of acquisitions with a $2.6-billion deal to buy MD Financial Management, a leading wealth-management company catering to doctors. Story (James Bradshaw, Jacqueline Nelson and Tim Kiladze)

Shipping sector: Fairfax Financial Holdings Ltd. is once again doubling its investment in Seaspan Corp. in a deal that will make it the largest investor in the publicly traded container shipping company. Story (Jacqueline Nelson, for subscribers)

Venture capital: The Caisse de dépôt et placement du Québec is lining up behind Toronto’s ecobee Inc., co-leading a $47-million funding round with AGL Energy Ltd. and Business Development Bank of Canada, capping off a total investment this year of $127-million for the smart-thermostat maker. Story (Josh O’Kane, for subscribers)

FINANCIAL SERVICES WRAP

Insider trading: Federal prosecutors charged a vice president at Goldman Sachs Group Inc on Thursday with insider trading by illegally using nonpublic information about several companies that were clients of the investment bank. Story

U.S. banking: The United States Federal Reserve last year designated Deutsche Bank AG’s U.S. operations to be in “troubled condition,” The Wall Street Journal reported, citing people familiar with the matter. Story

Charges: Deutsche Bank AG and Australia & New Zealand Banking Group Ltd. face criminal charges in Australia over alleged cartel conduct during a A$2.5 billion ($1.9 billion) share sale in August 2015. Bloomberg

DEAL WRAP

Auto sector: Japan’s SoftBank Group Corp will invest US$2.25 billion in General Motors Co’s autonomous vehicle unit Cruise, the companies said on Thursday, a deal that validates the venerable Detroit automaker’s leadership in self-driving cars and sent GM shares up more than 10 percent. Story

WHAT WE’RE READING ELSEWHERE

Early stage funding: The National Angel Capital Organization (NACO) has released its annual report on angel investing activity in Canada for 2017. According to the report, Canadian angel groups made 505 investments in 2017, investing a total of $162.6 million in companies. The report also indicated that the average deal size reached $1.91 million, which is higher than the $1.7 million deal figure from 2016. BetakKit

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