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Email this12:55 pm
March 30, 2017
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AltaRed said
Do you think the banks should be charities then? They only offer a competitive enough rate to attract the funds they need. That is a necessary element of a profitable and successful business and what shareholders expect of management.
Quite the opposite since I am a shareholder 🙂
But I have seen numerous posts by quite a few here who always question why when bank hike rates, GIC rates don't follow suit and go up etc....
And I believe in one snoozes and not aware better rates exist out there, one should lose...
1:24 pm
October 27, 2013
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Fair enough. I am a shareholder too...in a significant way. Banking is no different than any other business. Be both street smart and educated.
1:43 pm
January 9, 2011
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Same here, I own shares directly as well as indirectly via dividend/finance related ETFs, but deal as little as possible in personal banking with the big 5.
The reason is the "obscene" gross margin percentages the big 5 make on cost of funds vs. revenue, compared to the banks that actually try (and we deal with).
My memory's not as sharp as it used to be. Also, my memory's not as
sharp as it used to be.
1:47 pm
April 6, 2013
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People aren't necessarily snoozing. There is actually lots of more money looking for a good place to park than there is need for that money.
Equitable Bank closed a $300 million two-year deposit note issue last month. 2X oversubscribed.
Originally planned on accepting $200 million. Bumped it up to $300 million. $300 million not accepted and looking for another place to park.
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