Learn more about Canada’s top banks rates, rules and the latest news – read on!
Latest News
Bank fees for non-sufficient funds will be capped at $10—but not until next March Mar 21st
Ottawa has put in place new rules limiting the fees banks can levy on customers who don’t have enough in their accounts to cover a cheque or other pre-authorized charges.
The updates, included in an order-in-council last week (March 12), cap non-sufficient funds fees at $10 for personal deposit.... More »
Morgan Stanley’s results drop 42 per cent, missing forecasts, as bond trading weakens Oct 19th
NEW YORK, N.Y. – Morgan Stanley’s earnings dropped 42 per cent in the third quarter, more than analysts forecast, as the bank’s bond trading business weakened.
The New York-based investment bank and wealth advisory firm earned $939 million after payments to preferred shareholders f.... More »
Fintech firms are battling banks—and the banks are winning + MORE May 17th
(Illustration by Iker Ayestaran)
Mogo Finance Technology Inc. happily bills itself as the Uber of banking. The Vancouver-based company’s online platform instantly assesses a borrower’s creditworthiness and issues short- and long-term loans. Mogo (TSX: GO) is part of a wave of so-called fintech .... More »
Canadian banks tighten credit lines to energy firms amid weak oil prices Apr 13th
Struggling oil prices stoke fears among some of Canada’s biggest lenders that debt-saddled energy companies will default on loans they can no longer afford to service
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Hacker ring stole $1B from banks in 30 countries, says report + MORE Feb 16th
A hacking ring has stolen up to $1 billion from banks around the world in what would be one of the biggest banking breaches known, a cybersecurity firm says..... More »
HSBC PLC saw profit surge 30 per cent in the third quarter, boosted by a strong performance in Britain and Hong Kong. But it also revealed it is one of several banks being investigated for possible manipulation of foreign exchange markets.
