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Scotiabank Affiliate Thanachart Bank Acquires Stake in Siam City Bank

Scotiabank Affiliate Thanachart Bank Acquires Stake in Siam City Bank
On March 11th, Thanachart Bnk confirmed that it has reached an agreement to acquire almost 48% of Thailand’s Siam City Bank. The agreement is subject to regulatory approvals in Thailand. The stake in Siam City Bank is currently owned by Thailand’s Central Bank through the Financial Institutions Development Fund (FIDF). The Bank of Nova Scotia owns 49% of ... Full story
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ScotiaBank:First Canadian Bank to Operate in the Dubai International Financial Centre

ScotiaBank:First Canadian Bank to Operate in the Dubai International Financial Centre
The Dubai International Financial Centre (DIFC) announced that Scotiabank has become one of North America’s leading financial institutions, and it has also received a licence from the Dubai Financial Services Authority (DFSA) to operate within the financial district. Scotiabank is the first Canadian bank to operate from the DIFC. The license ... Full story
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Weekly News Watch 21

Weekly News Watch 21
The week has once again come to an end, and we finally saw the long awaited piece of news that can bring an end to the controversy of Visa and MasterCard coming into the debit card market. Finance Minister Jim Flaherty has released his voluntary code and merchants are pleased with it. The code ... Full story
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Flaherty Unveils Credit Card and Debit Card Code of Conduct

Finance Minister Jim Flaherty has finally unveiled his long awaited proposed voluntary code of conduct for Canada’s multibillion-dollar credit and debit card industries. Within the proposed voluntary code of conduct, you will find a number of measures that will address the complaints brought forward by merchants. Flaherty noted that the proposed code is ... Full story
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Customer Service Reviews: Introduction

Customer Service Reviews: Introduction
I am going to be starting a new series today, however this one will be a bit different from you have been seeing. The purpose of this series is to dissect the customer service of banks, whether it is concerning a simple question of their bank accounts or whether it is for an ... Full story
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Visa Mobile Platform – Future of Payments

Visa Mobile Platform - Future of Payments
The Visa Mobile Payment Platform in Canada will be offering Visa cardholders the ability to make contactless payment transactions through the use of their cell phones. With new technologies such as chip and near field communication, it will make it possible to turn a cell phone into an electronic wallet. Visa is ... Full story
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CIBC Named to Dow Jowns Sustainability Index

CIBC Named to Dow Jowns Sustainability Index
Central Imperial Bank of Commerce (CIBC) announced on September 15th that for the 8th consecutive year it has been selected as a member of the Dow Jones Sustainability World Index (DSJI). The DSJI identifies leading companies for investments; this is done by assessing the quality of a company’s strategy, management and performance in ... Full story
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TD Visa Cheques Gives You Low Interest Rate

TD Visa Cheques Gives You Low Interest Rate
As you saw yesterday, Toronto-Dominion bank (TD) is giving TD Emerald Visa cardholders an incentive for using their visa card. They are giving another incentive for their clients who use their TD Rebate Rewards Visa Card. The incentive is when you use TD Visa Cheques, which will come enclosed in the letter from TD; you will receive a ... Full story
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Weekly News Watch 7

Weekly News Watch 7
It was definitely a long week, many events occurred, which is why I will not delay and get straight into this piece. On Monday we saw the opening of two Scotiabank Insurance Centres, one located at Sheridan Centre and the other at Scotia Plaza. They were opened as Scotiabank announced its new Home and Auto Insurance program as it expands its partnership with Sun Life. We heard ... Full story
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TD Bank Possible Venture in Texas

TD Bank Possible Venture in Texas
As you all might have heard by now, CIBC might be investing at the Allied Irish Bank, however these are all rumors at the moment. Now there are reports that Toronto-Dominion Bank (TD) is now considering to help a troubled Texas Bank. TD Bank is one of the several financial institutions that are ... Full story
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