Q: This is somewhat related to Byron's excellent question earlier today on the 2013 budget 'bail-in' provisions for the banks.
The 5 big banks all operate discount brokerages ... e.g., Scotiabank and Scotia iTrade. If Scotiabank fell into the scenario described by Byron, could Scotia iTrade be affected? If so, what would the impact if any be on an iTrade customer's stock holdings? I realize they're not CIDC-insured.
The 5 big banks all operate discount brokerages ... e.g., Scotiabank and Scotia iTrade. If Scotiabank fell into the scenario described by Byron, could Scotia iTrade be affected? If so, what would the impact if any be on an iTrade customer's stock holdings? I realize they're not CIDC-insured.