Banking

Canadians say affordability biggest hurdle to saving Fallback Image Decorative pattern

Industry

Canadians say affordability biggest hurdle to saving

The majority of Canadians find lack of affordability a real barrier to their saving efforts, says a recent Scotiabank poll. “We know that every customer’s finances are unique and require a saving or investing plan tailored to work for each specific situation,” said Mike Henry, senior vice-president of retail payments, deposits and lending at Scotiabank. […]

By Staff |November 27, 2012

2 min read

FSA probes State Street over pension fees Fallback Image Decorative pattern

Industry

FSA probes State Street over pension fees

The Financial Services Authority (FSA) is investigating allegations that State Street overcharged Ireland’s state pension fund, as well as the Royal Mail and Sainsbury pension funds, reports ft.com. Read: Fraud slipping past Canadian regulators Ireland’s national debt agency says it notified Irish police that State Street reaped €3.2m in improper fees and trading profits from […]

By Wire services |November 23, 2012

1 min read

Credit Suisse faces NY lawsuit Fallback Image Decorative pattern

Industry

Credit Suisse faces NY lawsuit

New York’s attorney general is filing a civil lawsuit against Credit Suisse for misleading investors who lost billions of dollars due to mortgage-backed securities, reports reuters.com. Read: SEC charges J.P. Morgan, Credit Suisse with misleading investors The lawsuit is expected to be filed tomorrow. It alleges that Credit Suisse misrepresented the quality of loans packaged […]

By Wire services |November 20, 2012

1 min read

U.S. banks provide mortgage relief Fallback Image Decorative pattern

Industry

U.S. banks provide mortgage relief

Several U.S. banks, including Ally Financial, Bank of America, JPMorgan Chase, Citigroup and Wells Fargo, are providing billions of dollars in mortgage relief to homeowners, reports ft.com. Read: Vik’s Pick: Slow and steady U.S. hops over Canada The move comes as part of a settlement with regulators earlier this year, and is aimed to help […]

By Wire services |November 20, 2012

1 min read