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Why did Silicon Valley Bank fail and is a financial crisis next? - Al Jazeera English + MORE Mar 14th
Why did Silicon Valley Bank fail and is a financial crisis next? Al Jazeera EnglishCanada, other governments hustle to stop Silicon Valley Bank crisis from spreading CBC NewsSilicon Valley Bank Paid Out Bonuses HOURS Before Collapsing & Lobbied For Years To Deregulate .... More »
John and Jill pay just $1,400 a month rent in Toronto. Should they buy a home or keep on saving? May 14th
The home you live in should is not an ‘investment’ says financial expert Jason Heath. So paying such low rent in Toronto, the couple should consider staying put and socking away more cash..... More »
BlackBerry partners with Fleet Complete with integrated fleet tracking solution + MORE Sep 20th
WATERLOO, Ont. _ BlackBerry (TSX:BB) is partnering with another company to offer customers a more comprehensive fleet-tracking system.
The Waterloo, Ont.-based company says it has entered a reselling partnership with Fleet Complete, a fleet-tracking solution company.
BlackBerry Radar general manager.... More »
Conservatives accuse Carney of lying about role in Brookfield’s move to New York - The Globe and Mail Feb 26th
Conservatives accuse Carney of lying about role in Brookfield’s move to New York The Globe and MailCarney defends why he has not disclosed financial interests CBC.caConservatives React to Mark Carney’s Debate Performance – February 25, 2025 Cable Public Affairs.... More »
Regulators issue warning on binary options scams + MORE Mar 3rd
Canadian regulators are raising the alarm with an awareness campaign about investor fraud involving so-called “binary option” scams.
Options are a popular but sophisticated product that can be used by experienced investors as part of an investment strategy, often providing offsetting positions t.... More »
Expect market volatility as profit-growth forecasts are revised lower
– theglobeandmail.com
Canadian and U.S. equity values are being supported by lofty and fragile assumptions about future earnings growth
Encana unveils stock sale to pay down debt, fund spending
– theglobeandmail.com
Energy firm plans to use half the proceeds from the sale of at least 107-million shares to help fund its 2017 capital spending
Wells Fargo CEO to apologize for betraying customers’ trust
– canadianbusiness.com
WASHINGTON – The CEO of Wells Fargo plans to apologize before a congressional panel for betraying customers’ trust in a scandal over allegations that employees opened millions of unauthorized accounts, moved money into them and signed customers up for online banking in order to meet sales targets.
In prepared testimony obtained by The Associated Press, Chief Executive John Stumpf says he is “deeply sorry” the bank failed to meet its responsibility to customers and didn’t act sooner to stem what he called “this unacceptable activity.” He testifies Tuesday before the Senate Banking Committee.
“I accept full responsibility for all unethical sales practices in our retail banking business, and I am fully committed to doing everything possible to fix this issue, strengthen our culture, and take the necessary actions to restore our customers’ trust,” according to the prepared testimony.
Wells Fargo has long been known for its aggressive sales goals, but the details and the $185 million fine that regulators imposed last week have singed the consumer banking giant’s reputation as a well-run, tightly managed company removed from the reckless conduct on Wall Street that stoked the financial crisis…
In prepared testimony obtained by The Associated Press, Chief Executive John Stumpf says he is “deeply sorry” the bank failed to meet its responsibility to customers and didn’t act sooner to stem what he called “this unacceptable activity.” He testifies Tuesday before the Senate Banking Committee.
“I accept full responsibility for all unethical sales practices in our retail banking business, and I am fully committed to doing everything possible to fix this issue, strengthen our culture, and take the necessary actions to restore our customers’ trust,” according to the prepared testimony.
Wells Fargo has long been known for its aggressive sales goals, but the details and the $185 million fine that regulators imposed last week have singed the consumer banking giant’s reputation as a well-run, tightly managed company removed from the reckless conduct on Wall Street that stoked the financial crisis…
Miami Accounting Vice
– online.wsj.com
Sen. Warren wants more defendants in financial cases. Here they are. If drug-resistant infections in people and animals are allowed to spread unchecked, the loss could be as much as 3.8 per cent or the equivalent of the 2008 financial crisis.
