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bank of Montreal's mbanx is the first financial institution to offer Internet banking services https://cba.ca/milestones-in-canadian-banking -
The failed financial institution was a member of the Canada Deposit Insurance Corporation (CDIC), so customers' qualifying deposits were covered by insurance categories up to $60,000. The insurance was free and automatic, and within three weeks, CDIC paid all insurance deposits.
https://www.cdic.ca/newsroom/articles/bank-failures-in-canada-a-history/ -
deposits of the chartered banks increased by $263 million. The principal assets affected were non-residential mortgages. https://en.wikipedia.org/wiki/Canadian_Western_Bank -
deposits of the chartered banks increased by $548 million. The principal assets affected were residential mortgages. https://en.wikipedia.org/wiki/Citizens_Financial_Group -
deposits of the chartered banks increased by $45 million. https://www.bankofcanada.ca/rates/banking-and-financial-statistics/notes-for-tables-chartered-banks/#:~:text=On%209%20August%201997%2C%20ING,banks%20increased%20by%20%2445%20million. -
deposits of the chartered banks increased by $921 million. The principal assets affected were residential mortgages. https://www.benefitscanada.com/news/bencan/a-tale-of-two-money-managers/ -
deposits of the chartered banks increased by $245 million. https://www.wsj.com/articles/SB929633439475989589 -
deposits of the chartered banks decreased by $337 million. The principal assets affected were residential mortgages. https://www.bankofcanada.ca/rates/banking-and-financial-statistics/notes-for-tables-chartered-banks/#:~:text=On%2011%20August%201999%2C%20Canada,Canada%20purchased%20First%20Marathon%20Inc. -
Canada Trust's retail division was merged with TD's existing retail banking operations over the course of 2000 to form "TD Canada Trust". deposits of the chartered banks increased by $41.7 billion. The principal assets affected were personal loans. https://en.wikipedia.org/wiki/TD_Canada_Trust#:~:text=Canada%20Trust's%20retail%20division%20was,Trust's%20president%20and%20CEO%2C%20W. -
deposits of the chartered banks increased by $1,783 million. The principal assets affected were residential mortgages. https://www.lexpert.ca/big-deals/laurentian-bank-completes-acquisition-of-sun-life-trust/344170
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