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February 28 Update: Air Canada renews partnership with American Express for the new loyalty program, World of Hyatt adds 57 more SLH Hotels & WestJet's 23rd birthday sale + MORE Mar 1st
Air Canada has renewed their agreement with American Express to have Amex issue cards in the new loyalty program plus continue on as a Membership Rewards partner!! Yay!New premium American Express card products to launch with Air Canada's new loyalty program in 2020 10-year deal will provide continu.... More »
The credit cards to consider getting right now - July 2022 Jul 10th
We continue our monthly feature where we recommend a card to consider applying for right away during the course of the current month. How do we pick which card should be highlighted? We'll look at numerous factors however in most cases it will primarily be due to the limited time offer on the .... More »
Best credit cards for Airbnb + MORE Aug 27th
Are you an Airbnb loyalist looking to earn rewards points on your stays? Look no more. These are the best credit cards to use on Airbnb..... More »
Before It’s Too Late! Best Credit Card Welcome Offers of February 2020 + MORE Feb 5th
Welcome offers come in all shapes and sizes. Sometimes there are requirements you have to meet to qualify for a promotion, while others automatically benefit the cardmember. It can be tricky to find an offer that will benefit you the most.
To make things easier, we’ve collected the top nine welc.... More »
February 11 Update: Earn 8x miles sitewide on AIR MILES Shops, Flair Airlines announces major route expansion and more + MORE Feb 12th
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC +Rewards Mastercard which is currently offering a welcome bonus of up to 30,000 bonus poin.... More »
Banks reach $154.3 million settlement on “dark pool” fraud
– canadianbusiness.com
WASHINGTON – Two major global banks, Barclays and Credit Suisse, are paying a combined $154.3 million to settle government investigations that they misled clients about being able to safely trade on their “dark pool” financial exchanges, the Securities and Exchange Commission and the New York Attorney General’s office said Sunday.
The banks left their customers on these private exchanges vulnerable to “predatory, high-frequency traders” that could intercept and profit off their financial transactions, despite assurances by Barclays and Credit Suisse to the contrary, according to a statement the New York Attorney General.
“These cases mark the first major victory in the fight to combat fraud in dark pool trading,” said New York Attorney General Eric Schneiderman in the statement. “We will continue to take the fight to those who aim to rig the system and those who look the other way.”
Zurich-based Credit Suisse, a major firm on Wall Street, said it was “pleased to have resolved these matters…
The banks left their customers on these private exchanges vulnerable to “predatory, high-frequency traders” that could intercept and profit off their financial transactions, despite assurances by Barclays and Credit Suisse to the contrary, according to a statement the New York Attorney General.
“These cases mark the first major victory in the fight to combat fraud in dark pool trading,” said New York Attorney General Eric Schneiderman in the statement. “We will continue to take the fight to those who aim to rig the system and those who look the other way.”
Zurich-based Credit Suisse, a major firm on Wall Street, said it was “pleased to have resolved these matters…
