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The Best Store Credit Cards of 2019 Dec 12th
We all have that favourite superstore – the one that sells everything under the sun, from car batteries and patio furniture to sports drinks and baby clothing.
And while we may spend hundreds or even thousands of dollars at these stores per year, it’s time to consider how you can get a return o.... More »
The best GIC rates in Canada for 2025 + MORE May 21st
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Making sense of the markets this week: October 23 Oct 21st
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Bank on higher interest rates leading to increased profits
U.S. earnings season is in full swing, and the banks were some of the fi.... More »
EQ Bank review 2021 Apr 30th
Online-only banks are increasingly popular due to their competitive, no-fee accounts, in concert with the increasing switch to digital spurred by COVID-19. With some of the most competitive savings and GIC accounts in the country, EQ Bank is helping lead the charge.
As an online-only financial ins.... More »
Raging River searches for relevance in a mean market Mar 6th
Best known for its operations in the Viking light-oil formation in western Saskatchewan and eastern Alberta, the company said it has hired investment banks to help it study a “strategic repositioning”
.... More »
Swiss bank Julius Baer reaches deal in principle to settle US tax dispute, sets aside $547M
– canadianbusiness.com
BERLIN – Swiss bank Julius Baer says it has reached an agreement in principle to settle a dispute over dealings with U.S. clients, and is setting aside $547.25 million to cover the costs.
Julius Baer was one of several Swiss banks that came under pressure in recent years over allegations they helped American clients cheat on taxes. The bank said Wednesday it has now reached an agreement in principle with the U.S. Attorney’s Office for the Southern District of New York. That is subject to final approval from the Department of Justice, which the bank is aiming for in the first quarter of 2016.
Julius Baer had made a preliminary provision of $350 million in June to cover a settlement, and increased that figure by $197.25 million in view of the agreement.
The post Swiss bank Julius Baer reaches deal in principle to settle US tax dispute, sets aside $547M appeared first on Canadian Business – Your Source For Business News.
Julius Baer was one of several Swiss banks that came under pressure in recent years over allegations they helped American clients cheat on taxes. The bank said Wednesday it has now reached an agreement in principle with the U.S. Attorney’s Office for the Southern District of New York. That is subject to final approval from the Department of Justice, which the bank is aiming for in the first quarter of 2016.
Julius Baer had made a preliminary provision of $350 million in June to cover a settlement, and increased that figure by $197.25 million in view of the agreement.
The post Swiss bank Julius Baer reaches deal in principle to settle US tax dispute, sets aside $547M appeared first on Canadian Business – Your Source For Business News.
China suspends forex business for some foreign banks: sources
– theglobeandmail.com
Central bank has suspended at least three foreign banks from conducting some foreign exchange business until the end of March
