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Banks

Canada's biggest brands are struggling to make an impact on the outside world, a new ranking shows.
The more options, the better, especially when your money is at stake.
Canada's fifth-largest bank previously hinted at cost-cutting moves.
Why do we stay with them? Complacency is a big reason. A lack of knowledge is another.
There have been government committees, discussions with the private sector and even a national strategy to teach Canadians basic personal finance. But when Statistics Canada data showed late last year that Canada's household debt is now larger than its GDP, it became painfully apparent that we're failing.
Over the last few weeks, there has been much press about how the banks have been accused of "upselling" clients and pressuring staff to market financial products to customers that they do not need. High-pressure sales tactics are not always that apparent. When one thinks of high-pressure sales tactics, it usually involves someone in your face trying to convince you to buy something you probably don't want. It is often a very uncomfortable situation, and all you can think about is trying to get away.
As a personal finance expert I know how important security is. You can spend years saving wisely, only to be duped by a savvy fraudster. Read about all of that in the Little Book of Scams provided by the government of Canada. It outlines all the latest ways fraudsters are trying to get their hands on your information.
TD, for those who may have missed it, has been the subject of a series of CBC stories in which "hundreds" of employees and former employees allege they were being pressured to "squeeze" customers to improve the bank's revenues and profitability.
Is there an economic activity more democratic than comparison shopping? In the lending industry, borrowers have long held
Online and mobile banking is overtaking the need for brick-and-mortar banks.
Generally speaking, television advertisements seek to boost the viewer's ego by suggesting that he or she is a smart, savvy consumer. Recently, however, I've noticed one glaring exception to this rule: TV ads for Canadian banks.
The emergence of fintech brings forth a new set of regulatory challenges as enforcement agencies and governments wrangle with a difficult question: How to create regulations for this new sector to keep the public safe -- without squashing innovation?
When I started my company in 2014, I was excited to build a "fintech" company that used technology and data to reinvent banking for everyday consumers. Since then, fintech has rapidly become a buzzword.
The unsexy truth is, larger companies are better positioned to innovate than start-ups. They have more money, more man-power, a more trusted brand, and most of all, more ways to reach their customers. Out of all bank customers, some are technology enthusiasts who moved entirely to robo advisers as soon as they could.
You can now open savings and chequing accounts, manage your retirement and investment accounts and get loans online, never mind being able to leave your wallet at home and use your phone to buy everything. Here are the top companies that can take you from money 2D banking to 3D.
Something wicked this way comes! So say many leading stock market forecasters, who worry that a bubbling witches' cauldron of global economic woes is in danger of boiling over. Consequently, the threat of a renewed global recession looms large, they warn.
In a 2015 global study by Morningstar, Canada's investment environment was rated the worst in the developed world when it came to Fees and Expenses. Don't worry, though, there's good news; our D- score is up from the F earned in 2014. The real question is the implication of our less-than-impressive grade.
One of the first things you'll need to do is open a Canadian bank account. This will give you a safe place to deposit and access your money whenever you need it. Canada's banking system can differ from other countries, and it takes time to understand the various types of financial institutions, bank accounts and services available.
I decided to give you a short list of the Couillard government's extraordinary spending this fall for friends of the Liberal Party. You see, the list speaks for itself and shows how much the austerity we are confronted with varies depending on who's involved.
Meanwhile, bank bonuses in other countries are going the other way.