Banking

The Canadian flag blows in the wind in the heart of the financial district in Toronto on June 27, 2018. THE CANADIAN PRESS/Tijana Martin

Banking’s shift to cloud gathers steam as pandemic and fintechs spur faster adoption

Move had begun before pandemic but going virtual expedited it

 

Office towers are photographed in Toronto’s financial district on Wednesday, June 27, 2018. THE CANADIAN PRESS/ Tijana Martin

Banking regulator planning for more frequent volatility ahead in financial sector

The regulator is working to better understand the risks and to increase disclosures

 

One of three branches of VantageOne Credit Union in Vernon was closed permanently Friday, Aug. 20, part of the organization’s corporate restructuring. (Roger Knox - Morning Star)

Okanagan credit union closes one branch

Vernon Okanagan Landing branch of VantageOne shut permanently; North Vernon Branch to follow suit in October

 

The Bank of Canada in Ottawa on Wednesday, July 14, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada names new deputy governor, ‘temporarily’ expanding governing council

Sharon Kozicki will take on the role on Aug. 2 after serving eight years as an adviser

The Bank of Canada in Ottawa on Wednesday, July 14, 2021. THE CANADIAN PRESS/Sean Kilpatrick
A pedestrian walks past The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada keeps key interest rate target on hold

Today’s announcement points to a recovery some time in the second half of 2022

A pedestrian walks past The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Revelstoke Credit Union has updated their website and is planning on offering online banking as well as a mobile app in coming months. (Liam Harrap/Revelstoke Review)
Revelstoke Credit Union has updated their website and is planning on offering online banking as well as a mobile app in coming months. (Liam Harrap/Revelstoke Review)
Thirty-four unionized workers represented by MoveUp started rotating job action at VantageOne Credit Union's two Vernon locations Monday, Dec. 14, 2020. Workers are calling for basic job protection and fair security. (Jennifer Smith - Vernon Morning Star)

VantageOne staff urged to take tentative deal

It’s been more than one month since union workers went on strike

Thirty-four unionized workers represented by MoveUp started rotating job action at VantageOne Credit Union's two Vernon locations Monday, Dec. 14, 2020. Workers are calling for basic job protection and fair security. (Jennifer Smith - Vernon Morning Star)
Thirty-four unionized workers represented by MoveUp started rotating job action at VantageOne Credit Union's two Vernon locations Monday, Dec. 14, 2020. Workers are calling for basic job protection and fair security. (Jennifer Smith - Vernon Morning Star)

VantageOne workers back on the job following strike

Mediation continues as union and employer work on reaching an agreement

Thirty-four unionized workers represented by MoveUp started rotating job action at VantageOne Credit Union's two Vernon locations Monday, Dec. 14, 2020. Workers are calling for basic job protection and fair security. (Jennifer Smith - Vernon Morning Star)
Thirty-four unionized workers represented by MoveUp started rotating job action at VantageOne Credit Union’s two Vernon locations Monday, Dec. 14, 2020. Workers are calling for basic job protection and fair security. (Jennifer Smith - Vernon Morning Star)

VantageOne open while Vernon workers on strike

Two branches previously closed due to job action have reopened

Thirty-four unionized workers represented by MoveUp started rotating job action at VantageOne Credit Union’s two Vernon locations Monday, Dec. 14, 2020. Workers are calling for basic job protection and fair security. (Jennifer Smith - Vernon Morning Star)
Bank of Canada Deputy Governor Tiff Macklem appears at a Commons finance committee on Parliament Hill in Ottawa on Tuesday, April 23, 2013. THE CANADIAN PRESS/Sean Kilpatrick

Morneau names Tiff Macklem new Bank of Canada governor

The central bank has slashed its target overnight interest rate to 0.25 per cent

Bank of Canada Deputy Governor Tiff Macklem appears at a Commons finance committee on Parliament Hill in Ottawa on Tuesday, April 23, 2013. THE CANADIAN PRESS/Sean Kilpatrick
The suspect damaged the area around the ATM and fled the scene.

Failed break-in attempt at Kelowna Scotiabank

No money was stolen from the bank and an alarm was triggered

The suspect damaged the area around the ATM and fled the scene.
Desjardins President and CEO Guy Cormier reads a statement during a news conference in Montreal on June 20, 2019. THE CANADIAN PRESS/Paul Chiasson

Desjardins Group says 2019 theft of 4.2 million members’ data cost $108 million

The costs are mainly related to the package of measures offered to members

Desjardins President and CEO Guy Cormier reads a statement during a news conference in Montreal on June 20, 2019. THE CANADIAN PRESS/Paul Chiasson