Green line to lose brand name

Article Abstract:

Green Line Investors Services, Canada's pioneer discount brokerage company, will soon lose its brand name and become part of the soon-to-be established TD Waterhouse Securities Inc. The TD Waterhouse is being created by Green Line owner Toronto-Dominion Bank (TD) to house its global discount brokerage business and as part of its design to create a global brand name. Although Green Line has become Canada's most successful on-line broker, TD believes its phase-out will greatly serve in its effort to establish a global name in the industry.

On-Line Information Services, Organizational history, Videotex & Teletext Svcs NEC, Internet services, Online information services, Green Line Investors Services

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CIBC applies for U.S. bank charter

Article Abstract:

Canadian Imperial Bank of Commerce (CIBC) has applied for a US bank charter in an effort to start electronic banking services across the US. The charter, tentatively called the Columbus First National Bank, will be based in Orlando, FL, and will offer such financial services as loans, deposit-taking, credit card issuance and ATMs. CIBC's filing with the Office of the Comptroller of the Currency indicated that is also willing to provide annuities, insurance and discount brokerage services.

United States, Commercial Banks, Government regulation (cont), Canadian Imperial Bank of Commerce

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U.S. credit cards grab chunk of market

Article Abstract:

Three new U.S. credit card issuers have gained a substantial share of the Canadian market more than a year after their entry into the market. Two companies, Visa issuers MBNA Corp and Capital One, already have 6% of the C$26 billion of outstanding debt currently on bank credit cards in Canada. Together with late entrant Mastercard issuer First USA division of Bank One Corp, the three companies are taking away business that ranges from C$500,000 to C3 million in creadit balances a week.

Market share, Bank Credit Cards

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