What Is Savings Account - Latest News
Post-Madoff era of scrutiny will last about 15 minutes (National Post)
July 4, 2009In the wake of the financial world's biggest fraud, is the Street bound for a new era of oversight, regulation and introspection? Dream on, says William Hanley
Toronto law firm files a petition for a class-action lawsuit against Expedia (National Post)
July 4, 2009A Toronto law firm has filed a petition for a class-action lawsuit against online travel company Expedia.ca, alleging the website overcharged its customers.
TSX inches higher Friday, but down on week (National Post)
July 4, 2009For the week, the country’s top exchange was down 1.03% as concerns about the economic recovery were heightened by a string of negative economic data, including worse-than-expected U.S. job loss figures on Thursday
Flaherty warns of higher unemployment levels (National Post)
July 4, 2009Improvements in the Canadian and U.S. economies are likely to come in "fits and starts" over the second half of this year, analysts say -- with Finance Minister Jim Flaherty acknowledging as much Friday warning unemployment levels will continue to deteriorate well into next year
Can SEC prevent new Madoff? (Chicago Sun-Times)
July 4, 2009Last week brought some closure to Bernard Madoff's victims, who were swindled out of $65 billion in the largest recorded financial fraud -- a scheme that was exposed in part because the plummeting stock market led investors to demand repayment of money that was long gone. With Madoff on his way to jail, attention is shifting to the next fraud -- and to the agency responsible for preventing ...
EON Bank targets RM100m from Smart Junior Account (Business Times (Malaysia))
July 4, 2009EON Bank Bhd has re-launched a deposit account for children yesterday and it aims to rake in RM100 million of new deposits from the product this year.
(AFX UK Focus) 2009-07-04 04:08 PRESS DIGEST - British business - July 4 (Interactive Investor)
July 4, 2009The Times JJB SPORTS PLANS TO TAP SHAREHOLDERS FOR AT LEAST 50 MILLION. JJB Sports is thought to be in the process of raising at least 50 million pounds ($82.06 million) from shareholders over the next four to six weeks. Under advisement from Lazard, the sportswear retailer is hoping to raise the cash from a placing and firm offer which could see investors offered new JJB shares at just 12 pence ...
(AFX UK Focus) 2009-07-04 04:16 PRESS DIGEST - Financial Times - July 4 (Interactive Investor)
July 4, 2009Financial Times
The tax crackdown that could net you £700 a year (Independent)
July 3, 2009The tradition of the wealthy keeping their cash at arm’s length from tax authorities by finding a secretive offshore home could be set to end if new proposals for openness are agreed by world governments. The move could mean each person in Britain being more than £700 better off each year.
Air Canada union focuses on job security as talks continue (National Post)
July 3, 2009In new, marathon negotiations with Air Canada, the airline’s main union said Friday it will focus over the next few days on the job security demands of its Montreal chapter that caused a sharp split this week.
Livent sentencing hearing to begin Monday (National Post)
July 3, 2009Prosecutors are expected to ask that a significant prison term be imposed, at least by Canadian standards, against Garth Drabinsky and Myron Gottlieb when a sentencing hearing begins in a Toronto courtroom on Monday
TSX up Friday, down for the week (National Post)
July 3, 2009As the market closed Friday, the S&P/TSX composite index was up about 0.4% to 10,288. Financials and materials led the way, while losses in the energy sector kept the top-line gain thin
Get ready for the Terminator IOU market (National Post)
July 3, 2009California began mailing out its first batch of IOUs this week after state legislators failed to reach a deal over how to close the US$26-billion hole in its budget before the new fiscal year began on Wednesday. Thousands of businesses and individuals will receive a note
Flaherty expects job losses to continue into 2010 (National Post)
July 3, 2009Finance Minister Jim Flaherty said Friday that he expects unemployment levels in Canada and the United States to continue to deteriorate into 2010, but remains optimistic that a “modest” recovery would take hold before the job market starts to improve.
TALK BACK:Annual Retirement Savings Can't Be Fixed Percentage (Nasdaq)
July 3, 2009Any financial adviser who recommends a fixed percentage of salary as the needed annual retirement savings amount is not a financial adviser ... or at least not a very good one.
Flaherty expects more job losses (National Post)
July 3, 2009Finance Minister Jim Flaherty said Friday that he expects unemployment levels in Canada and the United States to continue to deteriorate into 2010, but remains optimistic that a “modest” recovery would take hold before the job market starts to improve.
A Day Off to Tackle the Financial To-Do List (New York Times)
July 3, 2009Taking time, 10 or 12 hours, to tackle ever-postponed money tasks and clear the books can be lucrative.
Debt delinquency accelerates in Canada (National Post)
July 3, 2009More than half a million Canadians have fallen behind on their credit payments as economic conditions deteriorate, a survey has found. The average delinquency rate for Canada reached 1.52% in May, up 19% from a year earlier, data compiled by Equifax Canada Consulting Solutions show
Markets weak on lower oil (National Post)
July 3, 2009Canadian stocks opened weak Friday as oil prices continued to drop on a stronger U.S. dollar and concerns about weakened demand. Trading was light however, as U.S. markets were closed for the Independence Day holiday.
Dollar edges higher in thin market (National Post)
July 3, 2009The Canadian dollar rose against the greenback on Friday morning in thin trading with the U.S. markets closed for a holiday, extending slim gains the previous session on weak U.S. jobs data.
China invests $1.74-billion in Teck (National Post)
July 3, 2009Canadian mining company Teck Resources Ltd. announced Friday it has sold a 17% stake in the company to China Investment Corp. in a $1.74-billion all-cash deal.
Mid-year time for quick tax checkup (The Cincinnati Enquirer)
July 3, 2009July is the perfect time to think about tax returns, even though it's probably the last thing on people's minds when they're at the beach. But with six months worth of financial records in hand, you can easily assess where you stand while there's still time to take action.
Tri-Valley news roundup (Tri-Valley Herald)
July 1, 2009Walnut CreekFunds for BICYCLIST'S children: College savings accounts have been established for Brenna and Challoner Greaves, the children of Walnut Creek resident John Greaves, who was killed Friday when he was hit by a car while bicycling on Camino Tassajara near Dublin.
Community Digest (Contra Costa Times)
July 1, 2009Walnut CreekFUNDS set up FOR bicyclist's CHILDREN: College savings accounts have been established for Brenna and Challoner Greaves, the children of Walnut Creek resident John Greaves, who was killed Friday when he was hit by a car while bicycling near Dublin.
Rate alert: regular savings accounts (Daily Telegraph)
July 1, 2009Regular savings accounts can pay as much as 7pc.
Funds established for children of bike accident victim (Contra Costa Times)
June 30, 2009Donations can be made to college savings accounts for children of Walnut Creek man killed Friday in bike accident near Dublin
DBS and POSB cut savings (Straits Times)
June 30, 2009BAD news for the legions of savers already being squeezed by the meagre interest paid out on their deposits. Today, interest rates on the millions of savings accounts at both DBS Bank and POSB will be trimmed to levels not seen since 2005. POSB savings and passbook account holders, who previously got 0.25 per cent for the first $50,000, will now get just 0.125 per cent. For those holding a ...
Obama sends Congress consumer legislation (USA Today)
June 30, 2009President Obama asked Congress on Tuesday to create a new U.S. agency to police the fine print on credit card bills and mortgage documents and determine what fees, penalties and interest rates are fair.
A look at the proposed consumer financial watchdog (AP via Yahoo! News)
June 30, 2009A look at Obama's proposal to create a Consumer Financial Protection Agency:
Administration sends Congress consumer legislation (AP via Yahoo! News)
June 30, 2009President Barack Obama asked Congress on Tuesday to create a new agency to police the fine print on credit card bills and mortgage documents and determine what fees, penalties and interest rates are fair.
A look at Obama's proposal to create a Consumer Financial Protection Agency (Minneapolis-St. Paul Star Tribune)
June 30, 2009_The agency would oversee products used by consumers such as mortgages, credit cards, payday loans and terms on savings accounts.
A look at the proposed consumer financial watchdog (San Francisco Chronicle)
June 30, 2009A look at Obama's proposal to create a Consumer Financial Protection Agency: _The agency would oversee products used by consumers such as mortgages, credit cards, payday loans and terms on savings accounts. _The agency would be in charge of implementing a law... Sponsored Topics: Credit card - Payday loan - Loan - Savings account - Business
A look at the proposed consumer financial watchdog (AP via Yahoo! Finance)
June 30, 2009A look at Obama's proposal to create a Consumer Financial Protection Agency: --The agency would oversee products used by consumers such as mortgages, credit cards, payday loans and terms on savings accounts.
Immigrants in US are asking for money from home (San Francisco Chronicle)
June 30, 2009For five years, immigrant day laborer Leo Chamale wired money twice a month from New Jersey to his family in Guatemala. Recently, he stepped up to the money transfer window for a different purpose _ to ask that his family send some of his savings back to him.... Sponsored Topics: New Jersey - Guatemala - United States - Family - Day labor
Immigrants in US are asking for money from home (AP via Yahoo! News)
June 30, 2009For five years, immigrant day laborer Leo Chamale wired money twice a month from New Jersey to his family in Guatemala. Recently, he stepped up to the money transfer window for a different purpose — to ask that his family send some of his savings back to him.
Obama admin. sets wide scope for consumer agency (Reuters via Yahoo! News)
June 30, 2009The Obama administration sent Congress a draft bill on Tuesday to create a new agency with sweeping powers to impose tough consumer protection rules for banks, mortgage lenders and other financial firms, setting up a summer-long political brawl over the plan.
Alberta deficit hits $852-million (National Post)
June 30, 2009Alberta’s roller-coaster finances hit a 15-year-low Tuesday when the governing Conservatives announced an $852-million deficit on a budget that had been expected last summer to show a surplus of up to $8.5-billion
Soros sees 'stop-go' U.S. economy, rates up (National Post)
June 30, 2009"As markets revive, fear of inflation will drive up interest rates, which will choke off recovery," according to billionaire investor George Soros
Administration sends Congress consumer legislation (AP via Yahoo! News)
June 30, 2009The Obama administration sent Congress legislation Tuesday to create a new Consumer Financial Protection Agency designed to protect Americans from unscrupulous practices and make financial products easier to understand.
Administration sends Congress consumer legislation (AP via Yahoo! Finance)
June 30, 2009The Obama administration sent Congress legislation Tuesday to create a new Consumer Financial Protection Agency designed to protect Americans from unscrupulous practices and make financial products easier to understand.
Ziegelbauer warns of effects of economic storm ahead (Manitowoc Herald Times Reporter)
June 30, 2009Manitowoc County Executive Bob Ziegelbauer today compared weaknesses in the economy to a building storm that will do more damage than necessary if county employees dont agree to the preventive action he recommends. The damages would be in the form of the elimination of jobs in county government, which will impact the delivery of services, he said. His recommended preventive action is the 5 ...
Canadian banks' preferred shares downgraded (National Post)
June 30, 2009DBRS downgraded the preferred shares of the major Canadian banks Tuesday morning because of what it called the "elevated risk" that the dividends could get cut.
DBRS downgrades Canadian banks' preferred shares (National Post)
June 30, 2009DBRS downgraded the preferred shares of the major Canadian banks Tuesday morning because of what it called the "elevated risk" that the dividends could get cut.
Ten others face charges in Madoff fraud (National Post)
June 30, 2009U.S. investigators believe 10 or more people associated with imprisoned swindler Bernard Madoff could be criminally charged in the coming months or beyond, a law enforcement source said on Tuesday.
Toronto stocks rise in early trading (National Post)
June 30, 2009Toronto's top stock index edged up Tuesday morning as oil prices strengthened and data showed that the decline in Canada's economy was in line with forecasts.
Officials seek ways to offset $1.9 million deficit (The Buffalo News)
June 30, 2009Amherst Town Supervisor Satish Mohan called a special board meeting on Monday to try to andbrainstorm ways to close a potential year-end deficit of $1.9 million. Many town department heads, however, were not enthused by the prospect of recommending cuts to departments they already consider to be underfunded.
Risk exists for another Madoff-type scam (MSNBC)
June 30, 2009Monday brought some closure to Bernard Madoff's victims, a scheme that was exposed in part because the plummeting stock market led investors to demand repayment.
Investors put record amount into funds (Daily Telegraph)
June 30, 2009Sales of investment funds rose for the fourth month in a row during May as consumers hunted for higher returns on their cash new figures show.
TSX on longest winning streak since March (National Post)
June 30, 2009The Toronto Stock Exchange saw its fifth straight day of gains Monday, making for its longest string of winning sessions in three months.
Hacker attack on NetBank (Herald Sun)
June 30, 2009THE COMMONWEALTH Bank's internet banking site, Netbank, is struggling for the third day in a row, and hackers are believed to be to blame.
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