Banking

OFG Bancorp to acquire Scotiabank’s Puerto Rico, U.S. Virgin Islands assets Fallback Image Decorative pattern

Industry

OFG Bancorp to acquire Scotiabank’s Puerto Rico, U.S. Virgin Islands assets

Scotiabank will record a loss of approximately $400 million after tax on the sale

By The Canadian Press |June 27, 2019

1 min read

Desjardins data breach affecting 2.9 million members sparks class action lawsuit Fallback Image Decorative pattern

Industry

Desjardins data breach affecting 2.9 million members sparks class action lawsuit

Proposed class action alleges Desjardins was negligent in safeguarding member information

By The Canadian Press |June 21, 2019

1 min read

Senate committee urges feds to develop open banking framework Fallback Image Decorative pattern

Technology

Senate committee urges feds to develop open banking framework

A report called for a registry of third-party providers and an innovation sandbox

By Staff |June 21, 2019

2 min read

Info for 2.9M Desjardins members shared outside of organization Fallback Image Decorative pattern

Industry

Info for 2.9M Desjardins members shared outside of organization

Breach was not the result of a cyberattack, firm says

By The Canadian Press |June 20, 2019

1 min read