Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Is that credit card with the annual fee really worth it? Jan 20th
NEW YORK, N.Y. – The biggest months for adding and dropping credit cards are December and January, so now’s the time to make sure that $95 annual fee is really worth it.
Chances are, it’s not.
“Generally, for the average credit card holder, it is not likely they are going to .... More »
Look outside the Big Banks box for best savings rates Nov 14th
Small financial institutions, ETFs and investment savings accounts offer the best interest rates around.... More »
Looking for a clean beach? Get this water-quality app Read Article - Calgary Herald + MORE Aug 2nd
Calgary HeraldLooking for a clean beach? Get this water-quality app Read ArticleCalgary HeraldThe dog days of summer can be the worst for water quality. A new app lets you check on the best and worst beaches across Canada, such as Spanish Banks in Vancouver, pictured last year.Mark van Manen / PNG f.... More »
Before the Bell: Banks likely to draw attention + MORE Feb 23rd
A look at overnight markets and what's ahead this trading day in North America
.... More »
CitiBank Cuts Travel Insurance On Credit Cards Jul 4th
Canadians with Citibank cards may enjoy the benefits that come with it, including travel and insurance perks. But as of September 22, 2019, Citibank has announced it is slashing those benefits – particularly the ones associated with travel.
The benefits that will no longer be honored are worldwid.... More »
Fed gives banks with certain securities 2 more years to ensure they fit Volcker Rule
– canadianbusiness.com
WASHINGTON – The Federal Reserve is giving U.S. banks that have certain complex securities two more years to ensure their holdings don’t put them afoul of the new Volcker Rule.
The Fed’s move announced Monday didn’t give banks an outright exemption for the securities from the Volcker Rule’s ban on high-risk investments. Wall Street banks had sought an exemption. The leading Wall Street lobbying group expressed disappointment.
The Volcker Rule, adopted in December, is intended to limit banks’ riskiest trading bets that could implode at taxpayers’ expense. That kind of risk-taking on Wall Street helped trigger the 2008 financial crisis. Congress mandated the Volcker Rule in its financial overhaul law.
The Fed gave banks until mid-2017 to “conform” their holdings of the collateralized loan obligations, which are mainly backed by commercial loans.
The post Fed gives banks with certain securities 2 more years to ensure they fit Volcker Rule appeared first on Canadian Business.
The Fed’s move announced Monday didn’t give banks an outright exemption for the securities from the Volcker Rule’s ban on high-risk investments. Wall Street banks had sought an exemption. The leading Wall Street lobbying group expressed disappointment.
The Volcker Rule, adopted in December, is intended to limit banks’ riskiest trading bets that could implode at taxpayers’ expense. That kind of risk-taking on Wall Street helped trigger the 2008 financial crisis. Congress mandated the Volcker Rule in its financial overhaul law.
The Fed gave banks until mid-2017 to “conform” their holdings of the collateralized loan obligations, which are mainly backed by commercial loans.
The post Fed gives banks with certain securities 2 more years to ensure they fit Volcker Rule appeared first on Canadian Business.
