Etiket: banks
Budget: ‘Insufficient’ aid leaves food banks hungry
The Quebec budget leaves food banks hungry at a time when they have never had so many mouths to feed. A large gap persists between the new amounts granted by…
The Biden administration wants to avoid the label of savior of the banks
(New York) The American government intervened to guarantee the deposits of bankrupt banks but has since sought to avoid any parallel with the bailouts of 2008, which had earned virulent…
INFOGRAPHICS. Banks, States, private funds… Who finances fossil fuels, the main cause of global warming?
Fossil fuels, the consumption of which is the main cause of climate change, continue to benefit from significant private investment and public subsidies. Declarations of good intentions by companies or…
Access to cash | Coordinated action by the most powerful central banks
(Washington) The central banks of the United States, Switzerland and other countries on Sunday announced coordinated action to improve access to liquidity and thus reassure markets in the midst of…
are French banks safe?
Published on 03/18/2023 1:36 p.m. Video length: 2 min. France 2 Article written by J. Cholin, AC. Le Sann, C. Vignal, L. Lavieille – France 2 France Televisions The bankruptcy…
United States | Banks ask authorities to protect all deposits
(San Francisco) A coalition of midsize US banks has asked federal regulators to guarantee all customer deposits for two years, even above the usual limit of $250,000, to avoid a…
Demystifying the economy | Are our banks at risk?
Every Saturday, one of our journalists answers, in the company of experts, one of your questions on the economy, finances, markets, etc. Posted at 8:00 a.m. Are our banks technically…
Record number of complaints against banks in Canada
Canada’s two banking complaints agencies say they opened a record number of investigations and cases last year. The Ombudsman for Banking Services and Investments (OBSI) reported that banking inquiries increased…
In 2022 | Agencies collected a record number of complaints against banks
(Toronto) Canada’s two banking complaints agencies say they opened a record number of investigations and cases last year. Posted at 2:30 p.m. The Ombudsman for Banking Services and Investments (OBSI)…
European banks are “extremely solid”, unlike “certain American banks”, assures the Banque de France
The governor of the institution highlighted the Basel III regulations, put in place after the 2008 financial crisis, which proved the “effectiveness” of the rules “on their liquidity and their…
The Fed has lent $12 billion to US banks since Sunday
(Washington) The American central bank (Fed) announced Thursday that it has lent nearly 12 billion dollars to American banks since Sunday, when it announced that it would provide them with…
Cryptocurrencies are increasingly giving customers and banks a hard time
Cryptocurrencies are increasingly giving customers and banks a hard time, according to the banking ombudsman. In 2022, the Ombudsman for Banking Services and Investments (OBSI) responded to over 10,000 inquiries…
“There is zero risk for French banks”, maintains an economist
“If there was the slightest risk, the State will come” as reinforcements, “because we cannot afford to see the banks leave”, explains Philippe Dessertine. Article written by Posted on 03/16/2023…
what is the “bank run”, this phenomenon that gives all banks nightmares?
In a panic, all SVB customers demanded to withdraw their money at the same time, causing the bank to go bankrupt, being forced to sell investments at a loss to…
December’s emergency aid to food banks in Quebec is already coming to an end
The pressure is on the pantries of food banks, which have never had so many mouths to feed. Without an additional boost from Quebec, they fear having to make difficult…
Credit Suisse weighs down the European markets and makes the other banks unscrew
The Paris Stock Exchange fell 3.58% on Wednesday, its worst session since March 2022. Western stock markets relapse. The markets fell sharply on Wednesday March 15, after the rebound of…
Emergency aid granted to food banks already exhausted
(Montreal) The pressure is strong on the pantry of food banks, which have never had so many mouths to feed. Without an additional boost from Quebec, they fear having to…
The stock markets tremble again on the health of the banks
European stock markets fell again on Wednesday with the return of serious concerns about banks, including Credit Suisse after the largest Saudi shareholder ruled out a bailout of the troubled…
Wall Street reassured by inflation, banks recover
(New York) The New York Stock Exchange opened higher on Tuesday, reassured by the slowdown in inflation as well as signs of calm on the front of the banks, after…
Bankruptcy of Silicon Valley Bank | Canadian banks “largely sheltered”
Experts agree that there will be little impact on our banking system Posted at 5:00 a.m. (Shaken in the United States by the sudden collapse of Silicon Valley Bank, which…