Bank of America

How America's Return to Community Banks is Bad News for Canada's TD and BMO

Robert Waite | Posted 01.23.2014 | Canada Business
Robert Waite

In a town perhaps previously best known for providing the dirt that allowed Boston to double in size by filling in its swampy Back Bay there is a startling banking counter-revolution underway. Led by long-established but newly-rejuvenated Needham Bank and involving not only that town but those nearby, community banking is reclaiming market share.

Fun Fact: Not One Crooked Banker Has Gone to Jail

Nick Fillmore | Posted 11.12.2013 | Canada Politics
Nick Fillmore

Not one of the executives at any of the 10 or so giant international investment banks in the U.S. and Europe that imploded the financial system five years ago by using illegal trading methods has gone to jail, or even been prosecuted. Why hasn't more been done? That's a good, and frustrating, question.

Are You Working Yourself to Death? (Probably)

r/ally | Posted 11.09.2013 | Canada Living
r/ally

What will you risk to get ahead? We live in culture that applauds overworking. Commonly heard complaints, such as "I am killing myself at work" usually get met with a pat on the back rather than a look of concern. Although, it's rare that even extreme cases of overworking lead to death, it's not unheard of. And this mentality isn't going anywhere. Any change in corporate culture will not take place overnight, especially in environments where excessive hours are a long-held tradition.

Are Criminal Banks Trying to Crash the Economy Again?

Nick Fillmore | Posted 11.05.2013 | Canada
Nick Fillmore

Five years after the Great Recession of 2007-08 destroyed the lives of millions of people and cost trillions of dollars, many of the big investment banks that caused the near total meltdown are still involved in shady and sometimes criminal financial gambling schemes that could crash the world economy again.

Capitalism The Worst System, Except For All The Others, Davos Hears

CP | Pan Pylas, The Associated Press | Posted 03.26.2012 | Canada Business

DAVOS, Switzerland - Some of the world's top CEOs are admitting that capitalism is worsening inequalities, but they say it's better than any alternati...

Loonar Eclipse

Andrew Pyle | Posted 11.26.2011 | Canada
Andrew Pyle

For snowbirds looking to make their annual sojourn to southern U.S. climates, this recent weakness in the canuck buck couldn't have come at a worse time. My advice for those who are going to be looking to convert Loonies for greenbacks is to stagger those purchases over the next few months.

U.S. To Sue Major Banks Over Subprime Mortgages

CBC | Posted 11.01.2011 | Canada

A U.S. agency is planning to sue more than a dozen banks, alleging they misrepresented the quality of mortgage securities they packaged a...

Warren Buffett To Make Massive Investment In Bank Of America

The Huffington Post | Posted 10.25.2011 | Canada Business

Warren Buffett's Berkshire Hathaway plans to buy $5 billion worth of preferred shares of Bank of America, according to CNBC. The troubled bank's stock...

Wall Street Aristocracy Got $1.2 TRILLION In Secret Loans

Bloomberg | Posted 10.22.2011 | Canada Business

Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as ...

Biggest U.S. Bank To Slash 10,000 Jobs

CP | Christina Rexrode, The Associated Press | Posted 10.18.2011 | Canada Business

NEW YORK, N.Y. - Bank of America Corp. is cutting 3,500 jobs, the latest sign that the banking industry is becoming smaller, simpler and less profitab...

TD Bank Bets Big On Credit Cards

CP | Posted 10.15.2011 | Canada

TORONTO - TD Bank has agreed to buy the Canadian credit card business of Bank of America Corp., bulking up its position in the cards segment of the Ca...

TD Bank Swipes Big Credit-Card Business

CP | Posted 10.15.2011 | Canada Business

TORONTO - TD Bank is boosting its stake in Canadian consumer debt with an agreement to buy the Canadian credit card business of Bank of America Corp.,...

Bank CEOs Try To Strong-Arm Fed

The Huffington Post | Mark Gongloff | Posted 06.27.2012 | Canada Business

The banking industry is getting personal in its tireless fight against regulation. Jamie Dimon, chief executive of JPMorgan Chase and the industry'...