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Uber Releases an Amazing Credit Card… But Only to Americans Nov 8th
Image courtesy of Uber.com
It’s being called the “ultimate millennial credit card.”
But if you’re Canadian… you can’t have it. At least not yet.
Ride-sharing company Uber recently opened applications for its own rewards credit card. The Uber Visa promises competitive cash back rates and.... More »
Banks, not commodities, now steer Canada’s market trends Mar 30th
While materials and energy stocks are still mighty forces, the financial sector is by far the most dominant subset in Canadian equities
.... More »
Tangerine Money-Back Credit Card Review Aug 2nd
Looking to earn cash back on your daily expenditures? Don’t want to pay an annual fee? Enter the Tangerine Money-Back credit card – one of the most popular cash-back credit cards on the market.
Special offer: Apply for a Tangerine Money-Back credit card through RateSupermarket.ca and you’ll r.... More »
RBC cutting 15 investment banking jobs in London: sources + MORE Sep 30th
Investment banks around the world have been grappling with a reduction in activity so far this year
.... More »
The best GIC rates in Canada for 2024 + MORE Jul 6th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Myanmar awards first licenses to foreign banks in a half-century
– canadianbusiness.com
YANGON, Myanmar – Myanmar awarded licenses Wednesday to the first foreign banks allowed to operate in the country in a half-century.
Lenders from Japan, China and Australia were among the nine banks to receive licenses in a reform implemented after Myanmar emerged from dictatorship.
Those to receive licenses included Bank of Tokyo-Mitsubishi UFJ, Industrial and Commercial Bank of China and Australia and New Zealand Banking Group. Others were Sumitomo Mitsui Banking Corp., Mizuho Bank, Thailand’s Bangkok Bank, Singapore’s Oversea-Chinese Banking Corp. and United Overseas Bank and Malaysia’s Malayan Banking Bhd.
Each bank will be allowed to open one branch and cannot conduct retail banking. They can only lend to foreign investors in foreign currencies, not the local kyat, unless they partner with local bank, part of efforts to protect the fledgling domestic industry.
There were no U.S. or European lenders in the group announced by the Central Bank. Licenses went to banks among the 25 that already have representative offices in Myanmar, a group that includes no American or European lenders…
Lenders from Japan, China and Australia were among the nine banks to receive licenses in a reform implemented after Myanmar emerged from dictatorship.
Those to receive licenses included Bank of Tokyo-Mitsubishi UFJ, Industrial and Commercial Bank of China and Australia and New Zealand Banking Group. Others were Sumitomo Mitsui Banking Corp., Mizuho Bank, Thailand’s Bangkok Bank, Singapore’s Oversea-Chinese Banking Corp. and United Overseas Bank and Malaysia’s Malayan Banking Bhd.
Each bank will be allowed to open one branch and cannot conduct retail banking. They can only lend to foreign investors in foreign currencies, not the local kyat, unless they partner with local bank, part of efforts to protect the fledgling domestic industry.
There were no U.S. or European lenders in the group announced by the Central Bank. Licenses went to banks among the 25 that already have representative offices in Myanmar, a group that includes no American or European lenders…
Bank watchdog rejects interfering with lenders’ mortgage business
– theglobeandmail.com
Jeremy Rudin, head of the Office of the Superintendent of Financial Institutions, says it would be up to the Finance Minister to make changes to the risk assumptions of banks
