Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Watch: How to open a bank account Sep 23rd
Looking for a better interest rate? Want more accessible ATMs? Tired of paying fees for things like bank drafts? Whatever your reason, changing banks or opening a new bank account can take just a few clicks—if you’re prepared. Watch this two-minute video to see what documents you’ll need (even.... 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 »
How To Save On Back to School Shopping Aug 28th
Back to school season is officially in full swing. If you haven’t finished shopping for your school-bound child, you’ll most likely be hitting the mall soon to get it all done. This is an expensive time of year for parents trying to get their children prepared for back to class. According to a .... More »
Online and Mobile Banking During the COVID-19 Pandemic + MORE Apr 16th
Canadians are using social distancing to prevent the spread of COVID-19. As a result, banks have closed their doors or reduced their hours of operation. Many Canadians are turning to technology to manage their finances instead. Naturally, this has caused a spike in the use of online and mobile bank.... More »
Greece settles terms with EU to get $14B bailout for banks + MORE Nov 17th
Greece struck a deal with European creditors Tuesday on economic measures it needs to make to get its next batch of bailout money, including a €10 billion ($14.3 billion Cdn) cash injection for its crippled banks..... More »
Greek banks reopen as Tsipras eyes return to normal – Reuters Canada
– news.google.ca
Reuters CanadaGreek banks reopen as Tsipras eyes return to normalReuters CanadaATHENS (Reuters) – Greeks queued outside banks on Monday as they reopened three weeks after closing to stop the system collapsing under a flood of withdrawals, the first cautious sign of a return to normal after a deal to start talks on a new package …GREECE LATEST-Greek banks reopen as Tsipras eyes return to normalReutersGreek debt crisis: Banks reopen after three-week shutdownBBC NewsGreeks will find banks open, but restrictions still in placeTimes of IndiaLivemint -Irish Independentall 4,951 news articles »
Asian stocks mostly drift lower as market focus turns to outlook for interest rates
– canadianbusiness.com
BEIJING, China – Asian stocks mostly drifted lower Monday as investors put Greece’s debt crisis behind them to focus on the outlook for interest rates, corporate earnings and China’s economy.
KEEPING SCORE: The Shanghai Composite Index declined 0.4 per cent to 3,940.50 and Hong Kong’s Hang Seng shed 0.2 per cent to 25,354.70. Seoul’s Kospi was off 0.2 per cent at 2,071.87 and Bangkok, Taiwan and Manila also fell. Sydney’s S&P/ASX 200 added 0.1 per cent to 5,675.20 and Singapore and New Zealand also rose. Tokyo was closed for a holiday.
GREEK DEBT: Greece’s debt deal cleared a hurdle Friday when German lawmakers approved a third bailout plan. The European Union said it would get Athens enough money for it to keep making its debt payments. Greek Banks were scheduled to re-open Monday, though it was unclear whether capital controls would remain in place.
CHINA WOBBLES: Plunging stock markets appear to have stabilized at least temporarily following a massive government intervention…
KEEPING SCORE: The Shanghai Composite Index declined 0.4 per cent to 3,940.50 and Hong Kong’s Hang Seng shed 0.2 per cent to 25,354.70. Seoul’s Kospi was off 0.2 per cent at 2,071.87 and Bangkok, Taiwan and Manila also fell. Sydney’s S&P/ASX 200 added 0.1 per cent to 5,675.20 and Singapore and New Zealand also rose. Tokyo was closed for a holiday.
GREEK DEBT: Greece’s debt deal cleared a hurdle Friday when German lawmakers approved a third bailout plan. The European Union said it would get Athens enough money for it to keep making its debt payments. Greek Banks were scheduled to re-open Monday, though it was unclear whether capital controls would remain in place.
CHINA WOBBLES: Plunging stock markets appear to have stabilized at least temporarily following a massive government intervention…
Greek banks reopen as Tsipras eyes return to normal – Reuters Canada
– news.google.ca
Reuters CanadaGreek banks reopen as Tsipras eyes return to normalReuters CanadaATHENS (Reuters) – Greeks queued outside banks on Monday as they reopened three weeks after closing to stop the system collapsing under a flood of withdrawals, the first cautious sign of a return to normal after a deal to start talks on a new package …GREECE LATEST-Greek banks reopen as Tsipras eyes return to normalReutersGreek debt crisis: Banks reopen after three-week shutdownBBC NewsGreeks will find banks open, but restrictions still in placeTimes of IndiaLivemint -Irish Independentall 4,951 news articles »
Greek banks open, but transaction restrictions remain; prices on many goods and services rise
– canadianbusiness.com
ATHENS, Greece – Greeks will finally see their banks reopen at 8 a.m. local (0500 GMT) Monday morning, but many restrictions on transactions, including cash withdrawals, will remain.
Also, many goods and services will become more expensive as a result of a rise in Value Added Tax approved by Parliament last Thursday, among the first batch of austerity measures demanded by Greece’s creditors.
The parliament also agreed to deep reforms in the pension system including a gradual phasing out of all early retirement options.
In a decree published Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65) but added a weekly limit. For example, a depositor who doesn’t withdraw cash on Monday can withdraw 120 euros ($130) on Tuesday, and so on, up to 420 euros ($455) a week.
Bank customers will still not be able to cash checks, only deposit them into their accounts, and will not be able to get cash abroad with their credit or cash cards, only make purchases…
Also, many goods and services will become more expensive as a result of a rise in Value Added Tax approved by Parliament last Thursday, among the first batch of austerity measures demanded by Greece’s creditors.
The parliament also agreed to deep reforms in the pension system including a gradual phasing out of all early retirement options.
In a decree published Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65) but added a weekly limit. For example, a depositor who doesn’t withdraw cash on Monday can withdraw 120 euros ($130) on Tuesday, and so on, up to 420 euros ($455) a week.
Bank customers will still not be able to cash checks, only deposit them into their accounts, and will not be able to get cash abroad with their credit or cash cards, only make purchases…
After Five Years, Dodd-Frank Is a Failure
– online.wsj.com
The law has crushed small banks, restricted access to credit, and planted the seeds of financial instability.
