Would CIBC cover Simplii if Simplii failed? | Page 3 | Simplii 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
Page: 123Jump to page
sp_Feed Topic RSS sp_TopicIcon
Would CIBC cover Simplii if Simplii failed?
February 7, 2022
4:28 pm
Loonie
Member
Members
Forum Posts: 9410
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline
Go to Top
41sp_EditHistory sp_Permalink sp_Print

Norman1 said

COIN said
… Every distressed trust company was bought by a bank and no depositor lost money.

Can't rely on that.

None of the big banks would buy, for example, Home Trust or Equitable Bank. Home Trust and Equitable Bank are Alt-A lenders that specialize in loaning to borrowers who the big banks turned down.  

As of today, Equitable appears to have expanded its horizons with purchase of Concentra.
I agree though that the big banks will not likely want to acquire it, at least not yet.

No permission to create posts
Page: 123Jump to page
sp_Feed All RSS
Go to top

Please write your comments in the forum.