YMCA

Is It Time to Put Citigroup Out of Its Misery?

Canadian Banks are generally in good financial health and they should remain financially sound. If Canadian banks had been allowed to merge among themselves they would have entered in a different arena. The one of the big US financial institutions and would have had no choice but to play the same game that brought them close to bankruptcy today.
The best thing that happened to the Canadian banks is when the Federal Government refused them to merge. It probably saved their lives
Why should the Canadian banks make such big transactions? It' very dangerous. You can eat an elephant but only with small bites at the time.