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.
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The best high-interest savings accounts in Canada for 2024 Jun 7th
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The best high-interest savings accounts in Canada for 2024
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Elizabeth Warren's Bigger Banks Feb 9th
The BB&T-SunTrust merger is an attempt to compete with the giants..... More »
The Day After: The Oilers cruise to another win over Ottawa - Oilers Nation + MORE Mar 13th
The Day After: The Oilers cruise to another win over Ottawa Oilers NationOilers pile on Senators as Tippett’s bet on McDavid-Draisaitl reunion pays off Sportsnet.caSenators @ Oilers 3/12/21 | NHL Highlights NHLMcDavid, Draisaitl help Oilers continue their dominatio.... More »
Canadians unhappy with banks over fees and fairness, survey suggests Aug 27th
Canadian banks are failing to meet the expectations of 75 per cent of their customers, according to a survey from bank technology company FIS..... More »
Pre Holiday Credit Card Debt Already at 2-Year High Nov 24th
By: Barry Choi
With Black Friday week marking the unofficial start to the holiday shopping season, many Canadians are hoping to get an early start on their spending. But how much money do they plan on dropping? The average is $1,551, according to a new study from BMO Financial Group.
Holiday spendi.... More »
Germany urges stronger EU economic policy co-ordination as leaders discuss banking union
– canadianbusiness.com
BRUSSELS – Germany’s chancellor says the 17-nation eurozone must achieve a stronger co-ordination of its economic policies to remain competitive and spur growth.
Angela Merkel’s comments on Thursday come as her government seeks to convince European partners to hand the EU Commission, the bloc’s executive arm, more powers to oversee the member states’ economic policies.
Merkel said ahead of a summit of the European Union’s 28 national leaders she’s convinced the eurozone must “collaborate yet more, yet closer … than we do at present.”
EU leaders were also set to discuss the timeline for the next steps of the bloc’s planned banking union that aims at stabilizing its financial system. They still disagree over how to set up and fund a European authority capable of bailing out or winding down bust banks.
The post Germany urges stronger EU economic policy co-ordination as leaders discuss banking union appeared first on Canadian Business.
Angela Merkel’s comments on Thursday come as her government seeks to convince European partners to hand the EU Commission, the bloc’s executive arm, more powers to oversee the member states’ economic policies.
Merkel said ahead of a summit of the European Union’s 28 national leaders she’s convinced the eurozone must “collaborate yet more, yet closer … than we do at present.”
EU leaders were also set to discuss the timeline for the next steps of the bloc’s planned banking union that aims at stabilizing its financial system. They still disagree over how to set up and fund a European authority capable of bailing out or winding down bust banks.
The post Germany urges stronger EU economic policy co-ordination as leaders discuss banking union appeared first on Canadian Business.
Fed proposes big banks keep more cash and assets on hand to survive another financial crisis
– canadianbusiness.com
WASHINGTON – The Federal Reserve on Thursday proposed that big banks keep enough cash, government bonds and other high-quality assets on hand to survive during a severe downturn on par with the 2008 financial crisis.
The proposal subjects U.S. banks for the first time to so-called “liquidity” requirements. Liquidity is the ability to access cash quickly.
The largest banks — those with more than $250 billion in assets — would be required to hold enough cash and securities to fund their operations for 30 days during a time of market stress. Smaller banks — those with more than $50 billion and less than $250 billion — would have to keep enough to cover 21 days.
Fed officials said the rules are stronger than new international standards for banks. The public has 90 days to comment on them. After that, they would be phased in starting in January 2015.
“Liquidity is essential to a bank’s viability and central to the smooth functioning of the financial system,” Fed Chairman Ben Bernanke said…
The proposal subjects U.S. banks for the first time to so-called “liquidity” requirements. Liquidity is the ability to access cash quickly.
The largest banks — those with more than $250 billion in assets — would be required to hold enough cash and securities to fund their operations for 30 days during a time of market stress. Smaller banks — those with more than $50 billion and less than $250 billion — would have to keep enough to cover 21 days.
Fed officials said the rules are stronger than new international standards for banks. The public has 90 days to comment on them. After that, they would be phased in starting in January 2015.
“Liquidity is essential to a bank’s viability and central to the smooth functioning of the financial system,” Fed Chairman Ben Bernanke said…
