Keyboarding
Home Row
Remember the home row has groves
(raised surfaces) on their keys
so you can find them without looking
Remember try not to look at your hands or the
keys. Try to get used to finding the home row
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Continue on with All
the Right Type (ART)
for 5 minutes today
Banks & Banking
A financial institution licensed as a receiver of
deposits. Their primary function is to handle
money. Banks manage withdrawals and deposits
as well as supplying loans
Our big banks are called commercial/retail
banks.
In most countries, banks are regulated by the
national government or central bank.
The government oversees (controls) and protects
the wealth of a nation.
In Canada banks must be given a charter or
license to operate by Federal parliament.
Canadian Banks use a branch banking system
Canada allows only a few banks with each
having many offices
This is very safe, never a failure in Canada's
history. In contrast with US where thousands of
banks, lots of failures
Our government watches all bank activity,
especially: bank reorganizations (mergers) and
foreign banks
Since confederation, no foreign banks have been
allowed in Canada (fear of US domination)
And unless necessary, few mergers too
1. Royal Bank
2. Bank of Montreal
3. Canadian Imperial Bank of Commerce
4. Toronto Dominion
5. Bank of Nova Scotia
6. HongKong Shanghai Banking Corporation
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Royal Bank, Canada's biggest bank
1500 branches, profits around
$10-12 Billion annually,
Originally founded as Royal Bank of Halifax
in 1795, sold to Montreal business people in
1826 and name was changed to Royal Bank of
Canada
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Bank of Montreal, 4th biggest
bank in Canada, claims to be
Canada's oldest, founded in 1821
BMO uses the "First Bank" theme extensively
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CIBC 2nd largest bank, result
of 1950's merger between Imperial
Bank of Canada, and Canadian
Bank of Commerce
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TD, 3rd biggest bank.
The result of 1950's merger of Bank
of Toronto and Dominion Bank of
Canada.
In 1990 TD purchased the Calgary/Vancouver
based Canada Trust (which had long hours, as
opposed to the old banking hours of 10:00am3:00pm. TD keeps the Canada Trust name,
because it is favourably associated with long
hours.
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Bank of Nova Scotia, 5th biggest
bank, quite a bit smaller than the
previous 4, but very profitable
Scotia Bank plays with high risk foreign
exchanges and gold speculation
It is the largest bank in many Caribbean
countries and has a large presence in South
America
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HSBC in 1970's started off as the
Bank of British Columbia
In 1986, the bank was in danger of
failing due to large outstanding loans
The gov't of Canada reluctantly agreed for it
to be sold to Hong Kong investors who were
pouring into Vancouver ahead of 1997 (the
year Hong Kong went back to China). So
Canada got a partially foreign bank. HKBC,
Hong Kong Bank of Canada
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In 1999, this bank was bought out
by the international banking giant
HSBC, Hongkong Shanghai
Banking Corporation
So we now have a completely foreign-owned
bank in Canada, even though it is specifically
disallowed by federal rules. But it has not
been a problem, so the government has
turned a blind eye to it
You are now researchers. On your own you will
1. use your computer and research one of the big 6
banks,
2. try to find out some new, different or interesting
things about your bank that you never knew,
3. try to put together a list of 10
things (vocabulary, jobs, facts)
that you learned about your bank.
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Use the rest of the class time to work
on your money assignment

Time to report
out and tell us
what you
learned about
your bank
1. What is something new that you
learned about banks and banking?
2. Would you like a credit card
from a major bank? What are the
advantages and disadvantages of
having a credit card?
3. Would you prefer to do business
with a major bank (one of the big 6)
or a smaller one (local community
bank)?
You can find my notes at UBC Blogs under my
name: Mr Vatougios
https://blogs.ubc.ca/mrvatougios/