The “Big Five” Canadian banks 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). Are there other viable options?
Latest News
MoneySense magazine: Summer 2015 + MORE Jun 2nd
MoneySense magazine: June 2015
Volume 17, Number 4
Download the MoneySense app to read this issue on your tablet or smartphone starting June 3, it’s free for subscribers!
You can also find issues of MoneySense magazine along with 100+ other titles on the Next Issue app. Start your 30-day fre.... More »
Thomson Reuters to create 400 jobs in Canada, relocate senior roles to Toronto Oct 7th
TORONTO – Thomson Reuters says it will create 400 jobs in Canada over the next two years, including at a new technology centre in Toronto.
Initial hiring will start in the coming weeks, with a focus on the company’s cognitive computing initiatives.
The global information and media compan.... More »
Willie Sutton Could Have Been a Regulator + MORE Aug 17th
A New York contretemps shows how the war on the banks has become a revenue shakedown..... More »
Canadian banks plan smaller increase in compensation bonuses this year + MORE Dec 3rd
Trend reflects shrinking investment-banking fees, slower revenue growth
.... More »
Warren Buffett Acquires $400 Million of Home Capital Shares + MORE Jun 29th
Warren Buffett, famed American investor and business guru, is coming to the rescue of Home Capital Group Inc., the Canadian alternative mortgage lender that has been in the news for months. Berkshire Hathaway, a subsidiary of Buffett’s company, has indicated it will buy $400 million worth of .... More »
A Look At Shadow Banking In China
– ratesupermarket.ca
The term Shadow Banking can evoke ideas of an elusive, secretive method for money to be exchanged. It actually is the opposite and really represents a large part of global banking.
Shadow banking is a method used to provide money to businesses that are unable to get a loan from a traditional bank.
Wall Street Journalist Tony James calls it “market-based financing” and adds it “is simply the provision of capital by loans or investments to some companies by other companies that are not banks.”
Shadow banking is huge in China – and there’s concern that it is growing at an unsustainable rate, with implications that will be felt around the globe.
How Does Shadow Banking Work?
Shadow banking links people who need money to those who have it, with the rate of the loan determined by market factors and the risk posed by the client.
These loans are usually offered at a higher interest rate and to individuals who don’t qualify with a formal bank. The International Monetary Fund is not a supporter of shadow banking stating, “Shadow banking, in fact, symbolizes one of the many failings of the financial system leading up to the global crisis…
A Look At Shadow Banking In China
– ratesupermarket.ca
The term Shadow Banking can evoke ideas of an elusive, secretive method for money to be exchanged. It actually is the opposite and really represents a large part of global banking.
Shadow banking is a method used to provide money to businesses that are unable to get a loan from a traditional bank.
Wall Street Journalist Tony James calls it “market-based financing” and adds it “is simply the provision of capital by loans or investments to some companies by other companies that are not banks.”
Shadow banking is huge in China – and there’s concern that it is growing at an unsustainable rate, with implications that will be felt around the globe.
How Does Shadow Banking Work?
Shadow banking links people who need money to those who have it, with the rate of the loan determined by market factors and the risk posed by the client.
These loans are usually offered at a higher interest rate and to individuals who don’t qualify with a formal bank. The International Monetary Fund is not a supporter of shadow banking stating, “Shadow banking, in fact, symbolizes one of the many failings of the financial system leading up to the global crisis…
