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
'Can't get blood from a stone': Banks go after senior caught in extortion scam + MORE Jan 31st
The bad guys needed less than a month to shake down a 78-year-old for $50,000. Then the victim faced another threat: legal action by the big banks looking to collect in the money she lost..... More »
Advice for cash-strapped renters and landlords during COVID-19 May 16th
When the COVID-19 pandemic swept across North America in early 2020, it created a wave of income loss that impacted people from all walks of life. While some individuals have been hit harder than others, it’s difficult to find a group or industry that hasn’t been affected. A small segment of the.... More »
Credit union employees say high-pressure sales targets turn 'members' into 'marks' + MORE May 15th
Credit union employees say they're under the same pressure to upsell customers as their counterparts who work for Canada's big banks..... More »
Italian banks in focus as Europe shrugs off Brexit – for now + MORE Jul 27th
MILAN – About a month on from Britain’s vote to leave the European Union, there’s little evidence that economic activity across the continent has been derailed yet.
That’s some reassurance for the 19-country eurozone as it faces a host of other problems, many of which relate .... More »
How to build credit history in Canada Jun 30th
A credit history is a person’s track record of using credit (borrowing money) and repaying debt. Your credit history can affect many aspects of your financial life—from getting approved for a credit card or renting an apartment to taking out a mortgage or a car loan, among other things. In some .... More »
Gold-fixing refers to a ritual dating back to 1919 in which banks speak by hone from a couple of minutes to more than an hour about buying and selling gold.
Canada’s banking regulator has proposed changes that would allow it to review new board members or top executives of banks and other federally regulated financial institutions.
