Not only do the Big Five banks get away with charging exorbitant fees for basic services. Not only do they block any competitors by controlling Canada’s payment infrastructure. Not only are they totally entwined with the federal government.
But the Big Five banks are about to get even bigger.
Featured in this episode: Colin Deacon, Keldon Bester, Alex Vronces
To learn more
“How blocked mergers foiled banks’ ambitions — and forced the Big Six to innovate” by James Bradshaw in The Globe and Mail
“How the push to modernize Canada’s payment systems went off the rails” by Jon Victor in The Logic
“How the Big Five banks control how money moves in Canada” by Alex Vronces in Policy Options
“RBC-HSBC banking merger is a slide to monopoly – Canada should just say no” by Keldon Bester in The Globe and Mail
Credits: Arshy Mann (Host and Producer), Jordan Cornish (Producer), Noor Azrieh (Associate Producer), Annette Ejiofor (Managing Editor)
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