Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
The Best Gas Rewards Credit Cards of 2019 Dec 11th
Let’s say your biggest monthly expense is gas; it’s a reality for a lot of people who maybe travel a lot for work or have a long daily commute. Or maybe you and the family go on a lot of road trips, or you just like long drives down country roads to “get away from it all.” No matter the cas.... More »
Britain’s top 10 U.K. banks may pay $9.2-billion a year in tax: study + MORE Sep 7th
The study conducted by accounting firm EY, said that a new surcharge on profits to be introduced by the British government will occur before an existing levy is phased out, which would hit some banks hard
.... More »
Before the Bell: TSX poised for gains as banks beat Street + MORE May 26th
A look at overnight markets and what's ahead this trading day in North America
.... More »
The best GIC rates in Canada for 2025 + MORE Oct 20th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Want A Better January Bill? Switch Up Your Credit Card Rewards Dec 21st
RateSupermarket.ca Holiday Rewards Challenge Identifies
Top Plastic Pitfalls
Share this Infographic
<!– Holiday Stress – RateSupermarket.ca starts–><!– Holiday Stress – RateSupermarket.ca ends–>
‘Tis the season for overspending – and while gi.... More »
Regulators insist Prudential is ‘systemically important,’ reject its protest over scrutiny
– canadianbusiness.com
NEW YORK, N.Y. – Prudential Financial has lost its appeal to shed greater government oversight, after regulators made a final decision that the insurer is one of a group of financial companies so big that they could threaten the financial system if they were to fail.
Prudential said Thursday that after a hearing and final vote, the Financial Stability Oversight Council maintains that the company is ‘systemically important’ and therefore subject to stricter scrutiny. That could include requirements to boost its cash cushion against losses, limit its use of borrowed money and submit to inspections by examiners. It also will be under Federal Reserve supervision.
In July, the council named Prudential among a group of non-banks — including insurer American International Group Inc. and General Electric Co.’s finance arm GE Capital — whose failure would represent too much risk to the financial markets. General Electric and AIG did not challenge that ruling, but Prudential asked for a hearing in the hopes of overturning the decision…
Prudential said Thursday that after a hearing and final vote, the Financial Stability Oversight Council maintains that the company is ‘systemically important’ and therefore subject to stricter scrutiny. That could include requirements to boost its cash cushion against losses, limit its use of borrowed money and submit to inspections by examiners. It also will be under Federal Reserve supervision.
In July, the council named Prudential among a group of non-banks — including insurer American International Group Inc. and General Electric Co.’s finance arm GE Capital — whose failure would represent too much risk to the financial markets. General Electric and AIG did not challenge that ruling, but Prudential asked for a hearing in the hopes of overturning the decision…
