May 10, 2018

Bitcoin is gaining legitimacy and those in finance are paying attention

Goldman Sachs to Open a Bitcoin Trading Operation by Nathaniel Poppers May 2nd, 2018 SAN FRANCISCO — Most big banks have tried to stay far away from the scandal-tainted virtual currency Bitcoin. But Goldman Sachs, perhaps the most storied name in finance, is bucking the risks and moving ahead with plans to set up what appears to be the first Bitcoin trading operation at a Wall Street bank. In a step that is likely to lend legitimacy to virtual currencies — and create new concerns for Goldman — the bank is about to begin using its own money to trade […]
March 27, 2018

The Big Six banks will fleece you – if you let them

Article by Rob Carrick Posted in the Globe and Mail  March 20th, 2018 A federal agency has stripped away any remaining pretense that banks are trustworthy providers of advice, assistance, guidance, help or anything else along those lines. The Financial Consumer Agency of Canada said in a report issued Tuesday that the corporate culture at the Big Six banks is sharply focused on selling products and services, and that there are insufficient controls in place to protect clients from aggressive sales practices. The FCAC has some ideas on improving consumer protection for bank customers, all of which sound worthwhile. But there’s […]