Tag Archives: banking

The company that operates one of Canada’s largest networks of residential mortgage brokerage firms is under federal investigation amid allegations it has adopted anti-competitive business practices to thwart an emerging rival. The Competition Bureau is investigating Dominion Lending Centres Inc. (DLC), a company whose franchise network includes 7,981 brokers working in 10 provinces through 544 franchises. Collectively, DLC brokers helped Canadians get $140 billion in home loans in 2021 and 2022. In an interview, Dominion Lending …

Canada’s banking regulator has temporarily seized the assets of Silicon Valley Bank’s lone Canadian branch after the financial institution collapsed. U.S. banking regulators were forced on Friday to urgently close the California-based institution after billions of dollars were withdrawn by fearful depositors, leading to a run on the bank, which …

Deepti Sri / Tech in Asia: Vietnam-based Timo Bank raises $20M led by Square Peg, its first outside funding since its 2015 founding, as it aims to acquire a digital banking license  —  Vietnam-based Timo Bank has raised US$20 million in a fresh financing round led by Square Peg, a …

Do you know that thieves these days look for just one thing once they get hold of your mobile phones? Your bank details. Not to forget with more and more people opting for digital payment apps, it’s not that difficult for smartphone thieves to access these wallets. To give you …