The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
Lam Research, KLA-Tencor end merger, cite antitrust views + MORE Oct 6th
NEW YORK, N.Y. – Lam Research Corp. and KLA-Tencor are scrapping their merger agreement due to antitrust regulators’ opposition to the deal that would have combined the two makers of equipment for manufacturing semiconductors.
Lam Research of Fremont, California, had offered about $10.6 .... More »
TSX rises, Canadian dollar falls ahead of budget + MORE Mar 21st
The TSX was higher on Monday, while the Canadian dollar sank in quiet trading ahead of the federal budget..... More »
B.C. court tosses out lawsuit against Maple Leafs coach over failed hotel project + MORE Mar 17th
Mike Babcock was sued over his investment in a Holiday Inn Express and Suites in Squamish
.... More »
Edmonton real estate market burdened by job losses, stunted growth - CBC.ca + MORE Oct 26th
CBC.caEdmonton real estate market burdened by job losses, stunted growthCBC.caDemand for new homes in Edmonton has "tempered" in light of a weaker market and and reduced consumer confidence, according to new reports from the Canada Mortgage and Housing Corporation (CMHC). According to the .... More »
Why BlackBerry (TSX:BB) Stock Just Soared 40% - The Motley Fool Canada + MORE Jan 26th
Why BlackBerry (TSX:BB) Stock Just Soared 40% The Motley Fool CanadaWhy BlackBerry's stock has been skyrocketing Yahoo Canada FinanceInvestor exuberance pushes BlackBerry share price to 9 year high — for no rational reason CBC.caBlackBerry Comments on Trading Activ.... More »
European Central Bank review shows hole in Greek banks’ finances smaller than first feared
– canadianbusiness.com
FRANKFURT – The European Central Bank says Greece’s battered banks need 14.4 billion euros ($15.8 billion) in fresh money to get back on their feet and resume normal business.
The figure announced Saturday is the result of an ECB review of Greece’s four main banks following an agreement on the troubled country’s third bailout: 86 billion euros ($94.6 billion) from other eurozone governments in August. The review is an important step toward ending limits on bank customer withdrawals and transfers that continue to hamper businesses as the Greek economy struggles to recover.
The banks — Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank — now must submit plans to raise the money to boost their capital buffers against future financial turmoil and losses. Part of that capital could come from private investors; what can’t be raised from investors would come from bailout funds.
The financial hole the ECB found is smaller than originally feared. The bailout provided for up to 25 billion euros ($27…
The figure announced Saturday is the result of an ECB review of Greece’s four main banks following an agreement on the troubled country’s third bailout: 86 billion euros ($94.6 billion) from other eurozone governments in August. The review is an important step toward ending limits on bank customer withdrawals and transfers that continue to hamper businesses as the Greek economy struggles to recover.
The banks — Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank — now must submit plans to raise the money to boost their capital buffers against future financial turmoil and losses. Part of that capital could come from private investors; what can’t be raised from investors would come from bailout funds.
The financial hole the ECB found is smaller than originally feared. The bailout provided for up to 25 billion euros ($27…
