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A banking crisis is a financial crisis that affects banking activity. Banking crises include bank runs, which affect single banks; banking panics, which affect many banks; and systemic banking crises, in which a country experiences many defaults and financial institutions and corporations face great difficulties repaying contracts. [1]
1925 – the Office of the Inspector General of Banks was established in response to the Home Bank failure and was responsible for regulating Canada's chartered banks. Early 1930s – Royal Commission on Banking and Currency reviewed banking and currency issues in the Canadian financial system.
The Bank of Montreal has been paying dividends to share holders every year since 1829 (196 years ago), [13] Scotiabank since 1833 (192 years ago), [13] Toronto-Dominion Bank since 1857 (168 years ago), [14] Canadian Imperial Bank of Commerce since 1868 (157 years ago) [15] and Royal Bank of Canada since 1870 (155 years ago) [16] respectively.
Rogers Communications had an outage July 8 that affected many activities, including bank transactions.
After the CEO of the Canadian exchange, 30-year-old Geral Cotten, suddenly died, the exchange has allegedly lost access to its cold wallets, where as much as 190 million Canadian dollars ($145 ...
National Savings and Investments (NS&I), formerly called the Post Office Savings Bank and National Savings, is a state-owned savings bank in the United Kingdom. It is both a non-ministerial government department [ 2 ] and an executive agency of HM Treasury . [ 3 ]
The roots of the CDIC can be traced back to the 19th century, such as the Upper Canada's financial problems of 1866, the North American panic of 1873 and the 1923 failure of Toronto's Home Bank, symbolized today by Casa Loma. Historically in Canada regional risk has always been spread nationally within each large bank, unlike the uneven ...
[11] [14] Of the 2,620 small towns and rural communities with post offices in Canada, 1,178 (45%) did not have any bank branches; in over 700 indigenous communities in Canada, over 90% did not have any bank or credit union branches. [11] [14] As of 2018, there are more post offices (6,200) in Canada than bank branches. "Banking deserts" occur ...