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Most residents return after flooding forces evacuation of about 100 Brampton homes - CBC.ca + MORE Feb 18th
Most residents return after flooding forces evacuation of about 100 Brampton homes CBC.caToronto's Humber River overflows flooding the banks and the photos are wild blogTOBrampton Fire updates flooding that has left dozens homeless CityNewsWater was as deep as six fe.... More »
Microsoft outage: Heathrow, NatWest and Minecraft among sites down - BBC + MORE Oct 29th
Microsoft outage: Heathrow, NatWest and Minecraft among sites down BBCMicrosoft hit with Azure, 365 outage ahead of quarterly earnings report CNBCMajor outage at Amazon and Microsoft Azure takes down banks, airlines, Office 365, and even Minecraft Yahoo! Finance Cana.... More »
Banks, credit card firms agree to cut fees charged to retailers + MORE Oct 31st
Canada's major banks and credit card companies have reached a deal with the federal government to cut the fees charged to merchants for credit transactions, sources familiar with the negotiations say..... More »
The best high-interest savings accounts in Canada for 2025 + MORE Jun 3rd
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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RateSupermarket.ca Will Become RATESDOTCA Sep 30th
We are excited to announce that RateSupermarket.ca will become RATESDOTCA. Don’t worry, besides a name change, how you compare the best credit cards and mortgage rates will remain the same.
What does this mean for you?
Our name is changing, but rest assured, everything else will remain the same.
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Federal regulators take over small bank in Illinois; makes 7th US bank failure of 2014
– canadianbusiness.com
WASHINGTON – Regulators have closed a small lender in Illinois, marking the seventh U.S. bank failure of 2014 after 24 closures last year.
The Federal Deposit Insurance Corp. said Friday that it has taken over AztecAmerica Bank, based in Berwyn.
The lender, which operated two branches, had about $66.3 million in assets and $65 million in deposits as of Dec. 31.
Republic Bank of Chicago, based in Oak Brook, Illinois, agreed to pay the FDIC a premium of 1.025 per cent to assume AztecAmerica’s deposits. Republic Bank also agreed to buy roughly $58.3 million of the failed bank’s assets.
The FDIC will retain the remaining assets for later disposition.
AztecAmerica’s failure is expected to cost the deposit insurance fund $18 million.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession.
Only three banks went under in 2007. That jumped to 25 in 2008, after the financial meltdown, and ballooned to 140 in 2009…
The Federal Deposit Insurance Corp. said Friday that it has taken over AztecAmerica Bank, based in Berwyn.
The lender, which operated two branches, had about $66.3 million in assets and $65 million in deposits as of Dec. 31.
Republic Bank of Chicago, based in Oak Brook, Illinois, agreed to pay the FDIC a premium of 1.025 per cent to assume AztecAmerica’s deposits. Republic Bank also agreed to buy roughly $58.3 million of the failed bank’s assets.
The FDIC will retain the remaining assets for later disposition.
AztecAmerica’s failure is expected to cost the deposit insurance fund $18 million.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession.
Only three banks went under in 2007. That jumped to 25 in 2008, after the financial meltdown, and ballooned to 140 in 2009…
A New Low Rate Rally
– ratesupermarket.ca
The Canadian finance product landscape is always evolving, and this week was no exception, with a few major shakeups among the credit card and mortgage markets. Investors Group stormed the home buying scene with the lowest rate so far this season – a sub-2% variable rate, sure to turn heads among an already competitive rate environment.
Fans of prepaid credit cards also have reason to smile, as the federal government has done away with frustrating hidden fees and misleading packaging. Be sure to check out our coverage on the recent changes.
Investors Group Introduces 1.99% 3-Year Variable Mortgage Rate
It’s one of the lowest variable rates ever seen – should you take the opportunity to score your mortgage at this rate? Investors Group made headlines this week with their 1.99% jaw dropper – but while such a rate offers fantastic savings, there are restrictions consumers should be aware of. Check out our breakdown of this mortgage product’s features, and see if it’s a fit for your home financing plan…
