Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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How to invest in cryptocurrency (without losing your shirt) Jan 29th
I have until now not written about the ongoing cryptocurrency boom—but, given the spectacular rise of bitcoin in the last few months, and last week’s subsequent correction, decided it was time.
Upfront, I should disclose I personally started to dabble in this asset class for the first time in th.... More »
Fort McMurray resident flees flood by boat: 'It brought back all those wildfire memories' - Global News + MORE Apr 27th
Fort McMurray resident flees flood by boat: 'It brought back all those wildfire memories' Global NewsEvacuation order issued due to flooding in the Fort McMurray area CTV News EdmontonEvacuations ordered in Fort Vermilion as Peace River breaches banks Global NewsMili.... More »
Making sense of the markets this week: June 2, 2024 May 31st
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
RBC and National Bank continue to lead the pack
Canadian banks continue to prepare for worst-case scenarios with in.... More »
CMHC plays catch-up with vaguely alarming house price warning: Don Pittis Oct 27th
Over the last few years as Canadian house prices rose and rose, the world's big banks have warned a bubble was forming. Now that CMHC's adds its own warning, will anyone listen?.... More »
Best of Finance Winners: The Best Credit Cards and Banking Products of 2017 + MORE Oct 24th
Before choosing a particular credit card or bank account or investment account, you likely do your research to find out which one will give you the best return based on your lifestyle and budget. And with so many products on the market, we here at RateSupermarket.ca try to make that decision-making.... 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…
