The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
Latest News
Regulators propose strict capital rules for U.S. banks Jul 10th
Large U.S. banks might have to soon set aside more capital to hedge against potential crises if U.S. legislators approve a proposal to increase the mandatory capital buffer for eight major banks above the international standard of three per cent..... More »
Lawmakers say Russia is ignoring threats of more western sanctions, urge tougher US stance Apr 20th
WASHINGTON – Two members of the Senate Foreign Relations Committee called Sunday for beefing up western sanctions against Russia to include its petrochemical and banking industries and warned that Moscow thus far has ignored United States and European efforts to persuade it to back off its con.... More »
United, Iberia airlines pull out of Nigeria; funds blocked Jun 8th
LAGOS, Nigeria – U.S. airline United and Spain’s Iberia are pulling out of Nigeria as the government is urged to release more than $600 million in air ticket sales blocked by the West African nation’s chronic foreign currency shortage.
The International Air Transport Association.... More »
Rescuers pull 15 survivors from plane wreck in Taiwan + MORE Feb 4th
In the above combination of photos taken from video, a TransAsia Airways plane banks sharply, then clips a road and a vehicle before careening into a shallow river in Taipei, Taiwan, after takeoff Wednesday. The dramatic footage aired by Taiwanese television station TVBS came from an employee’.... More »
S&P revises outlook on Canada’s big six banks to negative Aug 9th
Follows similar move in June by Moody’s on concern about ‘bail-in’ regime
.... More »
The dark side of the gift card boom: Olive
– thestar.com
There is a real downside for consumers, who find themselves inadvertently making billions of dollars’ worth of interest-free loans to retailers, banks and even government agencies.
