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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Investing in Gold: How to Buy Gold in Canada Oct 14th
Have you considered buying gold as a hedge against inflation? Do you want to diversify your investment portfolio by adding gold exposure? Whatever your reasons, it’s never been easier for Canadians to buy gold. In this article, I’ll share three ways to invest in gold and let you know if gold is .... More »
Selling a prime minister: The marketing of Justin Trudeau Aug 11th
Prime Minister Trudeau meets students with the Forum For Young Canadians in Ottawa. March 23, 2016. (Adam Scotti/PMO)
When marketers are sorting out how to position a consumer product so you’ll want to buy it, one of the first questions they consider is whether they’re dealing with a dominant br.... More »
Drive to hit sales goals sees bank employees put customer's finances at risk committee hears + MORE Jun 7th
Longtime bank employees blew the whistle on questionable practices by Canada's big banks during a House of Commons committee hearing Wednesday..... More »
What to Do if Your Credit Card Application is Rejected Jun 23rd
With so many ads and promotions floating around, it may appear that companies are practically giving credit cards away. However, when you apply for a credit card there is absolutely no guarantee you’ll be approved.
There might be a perfectly “good” explanation for why you were rejected. Howev.... More »
The best student credit cards in Canada for 2023 Sep 13th
Credit Cards
The best student credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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Citi, JPMorgan, other big banks to pay $1.9B in tentative deal to settle price-fixing case
– canadianbusiness.com
NEW YORK, N.Y. – Twelve major banks have tentatively agreed to pay $1.87 billion to settle allegations that they colluded to fix prices and lock out competitors in the market for insurance-like products widely traded before the financial crisis, according to a lawyer for investors.
The deal, if finalized, would be one of the largest U.S. anti-trust settlements, said Daniel Brockett, a lawyer representing a Los Angeles pension fund among other plaintiffs. He said the final terms need to be hammered out, and a judge would still need to approve the deal.
Bank of America, JPMorgan Chase, Citigroup and other banks met secretly to kill proposals that would put the trading of these insurance-like products onto an exchange through which they could be bought and sold like stocks and their prices made more transparent, according to a complaint filed in U.S District Court in New York. In keeping trading private in a “rigged” market, the banks cheated investors out of billions of dollars, the complaint alleges…
The deal, if finalized, would be one of the largest U.S. anti-trust settlements, said Daniel Brockett, a lawyer representing a Los Angeles pension fund among other plaintiffs. He said the final terms need to be hammered out, and a judge would still need to approve the deal.
Bank of America, JPMorgan Chase, Citigroup and other banks met secretly to kill proposals that would put the trading of these insurance-like products onto an exchange through which they could be bought and sold like stocks and their prices made more transparent, according to a complaint filed in U.S District Court in New York. In keeping trading private in a “rigged” market, the banks cheated investors out of billions of dollars, the complaint alleges…
