Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Best FHSAs in Canada: What to know about the new first home savings account Mar 29th
First home savings account (FHSA) highlights
The FHSA is a type of registered account that allows you to contribute up to $8,000 annually, up to a lifetime limit of $40,000, to save for the purchase of your first home.FHSAs are scheduled to become available as early as April 1, 2023. However, availa.... More »
Debt loads and soaring house prices a growing concern: Bank of Canada Jun 8th
THE CANADIAN PRESS/Sean Kilpatrick
The Bank of Canada says elevated home prices in Toronto and Vancouver and record levels of household debt have become bigger worries over the past six months. The central bank’s latest biannual review of the Canadian financial system says those two “vulnerabili.... More »
Regulators take over small bank in Oklahoma; Brings US bank failures to 12 in 2014 Jun 27th
WASHINGTON – Regulators have closed a lender in Oklahoma, bringing U.S. bank failures this year to 12 after 24 closures in all of 2013.
The Federal Deposit Insurance Corp. said Friday that it has taken over Freedom State Bank, based in Freedom, Oklahoma.
The bank, which operated one branch, ha.... More »
Life after The Beast begins in Fort Mac, and Apple Pay makes peace with Canada's banks: BUSINESS WEEK WRAP + MORE May 14th
From the slow return to normalcy in the fire-ravaged area around Fort McMurray, to a landmark deal between Apple and Canada's big banks, it was an eventful week in business. The CBC's Jacqueline Hansen gets you caught up on the week that was in her weekly video recap..... More »
Bay Street banking analyst Routledge heads to Ottawa for finance role Jan 9th
Peter Routledge, who covers financial-services companies including banks and insurers for National Bank Financial, is leaving the investment bank and moving to Ottawa to start a new role in the public service in February
.... More »
UK investment authorities give go ahead for Lloyds share sale
– canadianbusiness.com
LONDON – Britain’s investment authority says it has given the go-ahead for more shares to be sold in Lloyds — a banking group that had to be bailed out during the financial crisis.
U.K. Financial Investments, the arm of the British government which manages the country’s stakes in Lloyds and the Royal Bank of Scotland, announced Tuesday it was selling 7.5 per cent of Lloyds’ ordinary share capital. Following its second stake sale to financial institutions, the government will own only 25 per cent of Lloyds.
At the current share price, the government stands to raise 4.2 billion pounds ($6.7 billion).
The British government injected billions of pounds into its banks to shore up the system during the financial crisis. Lloyds has been expressing confidence recently that its recovery is ahead of schedule.
The post UK investment authorities give go ahead for Lloyds share sale appeared first on Canadian Business.
U.K. Financial Investments, the arm of the British government which manages the country’s stakes in Lloyds and the Royal Bank of Scotland, announced Tuesday it was selling 7.5 per cent of Lloyds’ ordinary share capital. Following its second stake sale to financial institutions, the government will own only 25 per cent of Lloyds.
At the current share price, the government stands to raise 4.2 billion pounds ($6.7 billion).
The British government injected billions of pounds into its banks to shore up the system during the financial crisis. Lloyds has been expressing confidence recently that its recovery is ahead of schedule.
The post UK investment authorities give go ahead for Lloyds share sale appeared first on Canadian Business.
