big banks
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TD, CIBC report massive profit drops amid COVID-19Payment deferral programs are weighing down the banks' financial performance.MoneyMay 28, 2020
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Can you trust your bank? Here’s what to watch for based on a new financial watchdog reportA review of Canada's Big Six banks by the Financial Consumer Agency of Canada found risks of "mis-selling."MoneyMar 20, 2018
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Hamilton demonstrators demand more affordable banking for everyoneMike Wood, the group's local chair, says it's currently cheaper to take out a payday loan that it is to overdraw your bank account.MoneyNov 30, 2017
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Saving for multiple goals? Finally, there’s a big-bank app for thatScotiabank is introducing a bank account that allows customers to create several savings buckets and earn a higher interest rate for longer term deposits.MoneyAug 24, 2017
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Why didn’t Canada’s money-laundering watchdog name a bank fined $1.1M?A financial crimes expert says the federal anti-money-laundering agency breached its own standards by not identifying the Canadian bank it has fined $1.1 million for not reporting suspicious transactions — an assertion the watchdog denies.CanadaApr 6, 2016
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Unnamed Canadian bank fined $1.1M for failing to report suspicious dealingThe federal anti-money laundering agency has levied a $1.1-million penalty against an unnamed Canadian bank for failing to report a suspicious transaction and various money transfers.CanadaApr 5, 2016
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Here’s how much profit Canada’s big banks made this yearDespite concerns that a sluggish economy, tapped out borrowers and low rates could weigh on results, the country's big banks continued to crank out huge profits.CanadaDec 4, 2015
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Big banks to pay $1.9B in tentative deal to settle price-fixing caseTwelve major banks have agreed to pay $1.87 billion to settle allegations that they colluded to fix prices and lock out competitors for insurance-like products traded before the financial crisis.MoneySep 12, 2015
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5 things to know about interest rates right nowMortgage rates are heading down again while the central bank is holding its key rate steady. Here's a look at where borrowing rates are at, and where they're headed.CanadaJan 22, 2014
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