Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
The Big Five banks’ CEO cycle is complete. Here’s how they performed + MORE Apr 22nd
(CP)
And then there were none. Earlier this month, Bank of Montreal (BMO) top boss Bill Downe announced he would be stepping down at the end of October. His departure will mark the end of a CEO cycle for Canada’s Big Five banks.
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PayPal is going after the big banks Apr 14th
Online payment firm PayPal will soon offer basic banking options to its customers — a move that could be a nightmare for traditional banks..... More »
Canadians’ Spending Habits and Payment Preferences are Changing Jun 17th
According to a recent study by Payments Canada, the COVID-19 pandemic is changing Canadians’ spending habits. The study found that 62% of Canadians are using less cash, and 42% avoid shopping at places that don’t accept contactless payments altogether.
Moreover, 53% of consumers reported using .... More »
Hedging against inflation with dividend-paying stocks Apr 2nd
Dividend-paying stocks typically don’t get much attention, but that’s changing as investors look for ways to protect their wealth in the face of market turbulence and inflation. Investing in dividend-paying stocks is one proven way to both grow your portfolio and cushion it against loss. That’.... More »
Business Highlights + MORE Oct 26th
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Some buyers call classes by ‘Flip or Flop’ stars misleading
NEW YORK (AP) — HGTV “Flip or Flop” stars Tarek and Christina El Moussa are capitalizing on their fame by offering pricy classes that promise to teach people how to flip homes for profit. But some participants .... More »
Yellen likely to face questions about Wells Fargo
– canadianbusiness.com
WASHINGTON – Federal Reserve Chair Janet Yellen, who has been in the hot seat over the central bank’s interest-rate policy, now has another headache: Wells Fargo.
Yellen is likely to face sharp questions from a House committee Wednesday over whether federal banking regulators fell down on the job by not detecting practices at Wells Fargo that allegedly had the nation’s second largest bank opening millions of accounts without customers’ permission.
Yellen is scheduled to testify before the House Financial Services Committee on the Fed’s responsibilities to supervise the nation’s largest banks.
Earlier this month, U.S. and California regulators fined Wells Fargo $185 million. They charged that bank employees opened unauthorized accounts and signed up customers for online banking, debit cards and other services without their knowledge in an effort to meet aggressive sales targets.
The Labor Department, meanwhile, is investigating possible abuse of Wells Fargo employees…
Yellen is likely to face sharp questions from a House committee Wednesday over whether federal banking regulators fell down on the job by not detecting practices at Wells Fargo that allegedly had the nation’s second largest bank opening millions of accounts without customers’ permission.
Yellen is scheduled to testify before the House Financial Services Committee on the Fed’s responsibilities to supervise the nation’s largest banks.
Earlier this month, U.S. and California regulators fined Wells Fargo $185 million. They charged that bank employees opened unauthorized accounts and signed up customers for online banking, debit cards and other services without their knowledge in an effort to meet aggressive sales targets.
The Labor Department, meanwhile, is investigating possible abuse of Wells Fargo employees…