Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
Latest News
Draghi says ECB ready to restore credit to Greek banks if creditor agreement in sight Mar 23rd
FRANKFURT – European Central Bank head Mario Draghi says the bank is ready to restore support for Greece’s banks if talks between the Greek government and its creditors get back on track.
Draghi told EU lawmakers Monday that the parties should “restore the policy dialogue” so.... More »
Will GIC rates keep going up in 2024? Dec 23rd
As Canadians are painfully aware, Canada’s inflation has stubbornly persisted above the Bank of Canada’s (BoC) target rate of 2%. In response, the BoC has repeatedly raised the benchmark interest rate—which sets the pace for banks’ prime rates—since early 2022. While no one can predict wit.... More »
Best of Canadian banks: The fourth-quarter earnings scorecard + MORE Dec 4th
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.... More »
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RESP vs. RRSP and TFSA: What’s the best option for education savings? May 13th
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Goldman Sachs executives sparred with U.S. senators today over accusations that U.S. banks had an unfair advantage in trading commodities such as aluminum and copper.
Federal Reserve to review its oversight amid criticism for ‘coziness’ with big banks
– canadianbusiness.com
WASHINGTON – The Federal Reserve says it will review how it oversees the biggest U.S. banks amid criticism that it has grown too close to the financial institutions it is charged with regulating.
The Fed announced the review late Thursday. On Friday, a Senate subcommittee will hold a hearing on whether Fed examiners — particularly in its New York operation — have become too cozy with the big banks they oversee.
The central bank said the review will examine whether its decision-makers get the information they need to make good decisions in their inspection and oversight of banks. It also will look at the Fed’s internal culture, and whether dissenting views related to oversight are stifled.
The bailout of Wall Street banks during the 2008 financial crisis brought the issue forward.
The post Federal Reserve to review its oversight amid criticism for ‘coziness’ with big banks appeared first on Canadian Business.
The Fed announced the review late Thursday. On Friday, a Senate subcommittee will hold a hearing on whether Fed examiners — particularly in its New York operation — have become too cozy with the big banks they oversee.
The central bank said the review will examine whether its decision-makers get the information they need to make good decisions in their inspection and oversight of banks. It also will look at the Fed’s internal culture, and whether dissenting views related to oversight are stifled.
The bailout of Wall Street banks during the 2008 financial crisis brought the issue forward.
The post Federal Reserve to review its oversight amid criticism for ‘coziness’ with big banks appeared first on Canadian Business.
