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Latest News
Target sets aside $19M for MasterCard issuers caught up in pre-Christmas 2013 data breach Apr 15th
NEW YORK, N.Y. – Target and MasterCard say they’ve agreed to settle lawsuits over the discounter’s pre-Christmas 2013 massive data breach.
Target said late Wednesday it has set aside up to $19 million for banks and credit unions issuing MasterCards that were caught in the data brea.... More »
Credit Card Rewards Redemptions Are Surging During COVID-19 + MORE Sep 2nd
The number of Canadians redeeming credit card points for everyday purchases is surging during the pandemic, according to a study by CIBC. Typically, Canadians would use their credit card points to travel this time of year. However, COVID-19 continues to restrict border crossings and flights, which .... More »
RESP vs. RRSP and TFSA: What’s the best option for education savings? Feb 12th
Welcome to Education Money, a new column that covers the questions and concerns parents and investors have about funding their child’s education. Andrew Lo, CEO of Embark, shares his thoughts and insights on how to make the most of RESPs. To kick off the column, he explains the different options C.... More »
Do I need to pay mortgage broker fees? Feb 2nd
(Getty Images / Nigel Carse)
Q: I applied for a mortgage, but at the last minute the broker told me I’d have to pay $1,534 in mortgage broker fees. This was a totally unexpected cost for me. Do I have to pay the fee?
A: Short answer: It depends on the broker agreement you signed.
While this migh.... More »
The Best Things to Buy in April + MORE Apr 4th
April might be rainy in most places across the country but the warming temperatures are likely a welcome improvement. Get outside this month and enjoy the sun when it’s out, but make sure to take advantage of all the great deals that April has to offer as well.
April is a great month to save mone.... More »
EU regulator accuses JPMorgan, HSBC and Credit Agricole of fixing interest rate market
– canadianbusiness.com
AMSTERDAM – The European Commission’s top competition regulator has accused JPMorgan, HSBC and Credit Agricole of colluding to manipulate the price of financial products — “derivatives” — linked to interest rates.
Commissioner Joaquin Almunia said Tuesday the banks will now have a chance to respond to his preliminary findings. If the Commission ultimately concludes they have broken the law, it can impose a maximum fine of up to 10 per cent of their annual turnover.
In December 2013, the Commission levied fines totalling 1.04 billion euros ($1.42 billion) on Barclays, Deutsche Bank, RBS and Societe Generale as part of the same case, which covers 2005-2008. They were granted a reduction in their fine for co-operating in a settlement.
The post EU regulator accuses JPMorgan, HSBC and Credit Agricole of fixing interest rate market appeared first on Canadian Business.
Commissioner Joaquin Almunia said Tuesday the banks will now have a chance to respond to his preliminary findings. If the Commission ultimately concludes they have broken the law, it can impose a maximum fine of up to 10 per cent of their annual turnover.
In December 2013, the Commission levied fines totalling 1.04 billion euros ($1.42 billion) on Barclays, Deutsche Bank, RBS and Societe Generale as part of the same case, which covers 2005-2008. They were granted a reduction in their fine for co-operating in a settlement.
The post EU regulator accuses JPMorgan, HSBC and Credit Agricole of fixing interest rate market appeared first on Canadian Business.
