SURREY, B.C. - (01/02/06) A study conducted here by Ipsos Reidand commissioned by Coast Capital Savings has found that more than60% of Canadians feel it is unfair for higher-balance investors toreceive preferential rates on their term deposits. Women were evenmore likely (70%) to say that higher rate for bigger investors areunfair, vs. 51% of men. Not too surprisingly, income was a bigdriver of attitudes. The study found that Canadians with an annualhousehold income of $30,000 to $60,000 were most likely to considersuch tiered pricing unfair (68%), compared to 63% of those withincomes less than $30,000 and 56% of those with incomes of morethan $60,000. The study of 1,270 Canadians also found that 45% ofCanadians are aware that consumers can negotiate rates on termdeposits, compared to 70% for mortgages. According to the IpsosReid study findings, 51% of Canadians have a term deposit while 42%of adult Canadians say they hold a mortgage.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3 -
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3