Comments on: Roundup and Link Love – Canada Has the Soundest Banks in the World Edition

By: Alton

Alton — Mon, 17 Nov 2008 14:27:09 +0000

Great list. Nice to know our banks are doing well.

By: Four Pillars Investing

Four Pillars Investing — Mon, 17 Nov 2008 10:03:57 +0000

[...] from the The Wisdom Journal had a post on the Canadian banking system which is the soundest in the world. His description of US investment banks was priceless: [...]

By: LP

LP — Sun, 16 Nov 2008 03:21:57 +0000

Well……I have the trees. Makes a difference in our power bills too.

Thank you for the links!

God bless America!!!!!

By: That One Caveman

That One Caveman — Sat, 15 Nov 2008 23:22:29 +0000

Heh. Lucky me that I’ve never been a GEICO customer. And lucky for Charter that I’m not a customer for much longer…

By: Mikey

Mikey — Sat, 15 Nov 2008 21:59:23 +0000

Canada is a nice place to hang out with friends also Canadian banks is so strong.

By: Paul Fraser

Paul Fraser — Sat, 15 Nov 2008 21:05:15 +0000

RBC Bank President Gordon Nixon – Salary $11.73 Million

$100,000 – MISTAKE (FISHERMEN’S LOAN)

I’m a commercial fisherman fighting the Royal Bank of Canada (RBC Bank) over a $100,000 loan mistake. I lost my home, fishing vessel and equipment. Help me fight this corporate bully by closing your RBC Bank account.

There was no monthly interest payment date or amount of interest payable per month on my loan agreement. Date of first installment payment (Principal + interest) is approximately 1 year from the signing of my contract.
Demand loan agreements signed by other fishermen around the same time disclosed monthly interest payment dates and interest amounts payable per month.The lending policy for fishermen did change at RBC from one payment (principal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC.
Only problem is the loans officer was a replacement who wasn’t familiar with these type of loans. She never informed me verbally or in writing about this new criteria.

Phone or e-mail:
RBC President, Gordon Nixon, Toronto (416)974-6415
RBC Vice President, Sales, Anne Lockie, Toronto (416)974-6821
RBC President, Atlantic Provinces, Greg Grice (902)421-8112 mail to:greg.grice@rbc.com
RBC Manager, Cape Breton/Eastern Nova Scotia, Jerry Rankin (902)567-8600
RBC Vice President, Atlantic Provinces, Brian Conway (902)491-4302 mail to:brian.conway@rbc.com
RBC Vice President, Halifax Region, Tammy Holland (902)421-8112 mail to:tammy.holland@rbc.com
RBC Senior Manager, Media & Public Relations, Beja Rodeck (416)974-5506 mail to:beja.rodeck@rbc.com
RBC Ombudsman, Wendy Knight, Toronto, Ontario 1-800-769-2542 mail to:ombudsman@rbc.com
Ombudsman for Banking Services & Investments, JoAnne Olafson, Toronto, 1-888-451-4519 mail to:ombudsman@obsi.ca

http://www.corporatebully.ca
http://www.youtube.com/CORPORATEBULLY

“Fighting the Royal Bank of Canada (RBC Bank) one customer at a time”

By: Four Pillars

Four Pillars — Sat, 15 Nov 2008 19:42:54 +0000

Thanks for the link – it is interesting that the Canadian banks are in good shape.

I think a little bit of regulation came in handy (for once) but I also think the fact that the big 5/6 banks in Canada have their own little monopoly is also a factor. The banking sector is just not as competitive as in the US so they weren’t as motivated to take the bigger risks that their US counterparts did.

In the long run, more competition is better for the consumer and while the banks here may be strong – they charge a ton of fees. It’s better to be a bank owner in Canada rather than just a user.

Thanks for the great post,
Mike

p.s. – I’ll let out a little Canuck secret – there are many, many non-genious types here in Canada.