In Canada, a new plan: Banks add branches
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TORONTO -- A month before Royal Bank of Canada opened a branch in Toronto's King West Village, manager Neil Joshi donned a hockey jersey bearing his bank's logo and hit the streets and cafes to drum up business.
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An online bank's offer this week of 6 percent interest on money deposited in its savings accounts demonstrates how aggressive some banks have become in trying to bring in new deposits, benefiting consumers who are willing to shop around for a better place to save their money.
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The Indian government is planning legislation to modernise the country's banking sector.
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Wal-Mart Stores said today that it would rapidly expand the financial services offered in its stores, extending the reach of its retailing empire into the bank accounts of its shoppers.
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When Microsoft made what appeared to be a minor announcement last week that it would expand its Canadian operations with the creation of the Microsoft Canada Development Centre for software development based in the greater Vancouver, British Columbia area, it went mostly unnoticed.
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Banks will be now able to borrow additional funds from the Bank of England in a move aimed at reducing the "credit squeeze".
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The Bank of Canada raised its overnight interest rate a quarter percentage point on Tuesday to 2.50 percent as expected, and made clear it would keep raising rates even as it lowered its forecast for Canadian growth.
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The Bank of Canada raised its overnight  interest rate a quarter percentage point on Tuesday to 2.50  percent as expected, and made clear it would keep raising rates  even as it lowered its forecast for Canadian growth.
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TORONTO (CP) - Deploring the lack of opportunities in Canada, the Canada Pension Plan Investment Board is investing &#36;470 million in European and British infrastructure.
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Target-date funds make an old idea new again.
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North Carolina, Scotland, Pennsylvania and Canada could soon all have something in common: serving as the home base of New England&#39;s top four banks.
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Canadian financial services firms, buoyed by a strong Canadian dollar and low interest rates at home, are expanding their international ambitions and increasingly finding New England the place to launch them.
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They greet customers with Starbucks coffee, obsess over the exact placement of their teller counters, and monitor customers' reactions to their every move. As banks become more customer focused, they are increasingly looking to retailers for ideas of how to build a better bank branch. After years of ignoring branches during the dot-com boom, banks now are giving them more ...
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TORONTO (CP) - Canada&#39;s big banks are increasing mortgage rates following a decision by the Bank of Canada to raise its overnight rate by one-quarter of a percentage point to 2.25 per cent.
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With so few mergers and acquisitions these days and with fees for them shrinking, bankers have found a new way to milk more cash out of deals: working with both buyer and seller.
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TORONTO (CP) - With the economy in good shape, interest rates low and about 200,000 new jobs created this year, Canadians have increased their holiday shopping budgets and should be ringing up good cheer for long-suffering retailers this month.
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In the next few weeks, consumers will start receiving notices from banks and other financial institutions about changes to their checking accounts.