Thanks, Victor. --Darcy
Saturday, February 14, 2009
...unlike Northern Rock Bank in the UK, which went under and is now owned by government and run by civil servants...strange world indeed. But, how about Canada, how safe are our banks? Our pal from The Board of Trade's Small Business Council, Victor Wong, publisher of Make It Business BC, sent along this very interesting piece from Newsweek Magazine. How about this nugget from the article, "TD Bank was 15th largest in North America one year ago. Now it is the fifth-largest. It hasn't grown in size; the others have all shrunk." What do you think? Are Canada's Banks safe? How well have we been served so far in the crises? Read Newsweek article on Canada.