National Bank completes acquisition of Canadian Western Bank | Motive Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
National Bank completes acquisition of Canadian Western Bank
February 3, 2025
1:46 pm
Norman1
Member
Members
Forum Posts: 7302
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
Go to Top
1sp_EditHistory sp_Permalink sp_Print

It is done:

National Bank completes acquisition of Canadian Western Bank

Intention is to amalgamate and not keep Canadian Western Bank as a wholly-owned bank:

Following such exchanges and redemptions and certain other corporate actions, National Bank and CWB intend to amalgamate, with the resulting entity assuming the obligations of its predecessors, including the obligations of CWB under its outstanding NVCC Subordinated Debentures. The amalgamation is expected to occur on March 1, 2025.

February 4, 2025
8:23 am
KamWest
Toronto
Member
Members
Forum Posts: 385
Member Since:
December 20, 2019
sp_UserOfflineSmall Offline
Go to Top
2sp_EditHistory sp_Permalink sp_Print

If Motive>National is going to be anything like Hubert>Access then we are in trouble.

Anticipating this I moved to Saven because I can't help feeling that our days of top tier interest at Motive are numbered. I have not seen one instance yet where a buyout turned out to be advantageous to existing clients.

I hope I'm wrong and the online version of Motive stays untouched but one quick look at the Motive website and you get the feeling they will be swallowed up pretty fast.

Pity!

February 4, 2025
9:40 am
Dean
Valhalla Mountains, British Columbia
Member
Members
Forum Posts: 2189
Member Since:
January 12, 2019
sp_UserOfflineSmall Offline
Go to Top
3sp_Permalink sp_Print

.
No offence KamWest, but I would Differ ⬆

Motives GIC rates have been 'Uninspiring' for quite some time now, and their website remains one of the Worst in the FI industry.

If the NBoC ends up giving Motive 'The Punt', they'll be No Tears shed here.

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

February 4, 2025
9:51 am
KamWest
Toronto
Member
Members
Forum Posts: 385
Member Since:
December 20, 2019
sp_UserOfflineSmall Offline
Go to Top
4sp_Permalink sp_Print

Dean said
.
No offence KamWest, but I would Differ ⬆

Motives GIC rates have been 'Uninspiring' for quite some time now, and their website remains one of the Worst in the FI industry.

If the NBoC ends up giving Motive 'The Punt', they'll be No Tears shed here.

    Dean

  

Yes, I agree, that is why I switched to Saven but that said Motive is still industry leading but I think they have probably dropped because of the expected buyout.

If you use SAVEN only as a savings vehicle then they are hard to beat. I use Meridian as my daily driver because of business and they give me a great deal on the personal end but spare funds get moved to saven where I can set it and forget it.

I moved around for years but in the last couple of years saven has been at the top or near the top which is good enough for me.

The PC Financial stuff is temporary, we know that so I'm not willing to switch for a temporary gain.

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.