John Gentles

22,224 Flips | 9 Magazines | 5 Following | 2,058 Followers | @jgentles | CEO, Conner Beckham, Inc.

Exclusive: Germany, UK say EU bank capital rules need easing for smaller lenders | Reuters

LONDON (Reuters) - The European Union’s tougher bank capital rules are making it harder for smaller lenders to compete and should be scaled back, Germany and Britain say in an EU document seen by Reuters.<p>It is the latest sign of how policymakers are being more accommodative towards lenders in a bid …

Investing

Hillary vs. Bernie: Their money...and yours - CNNMoney

Net worth<p>$25 million<p>$500,000<p>2014 income<p>CLINTON<p>$28 million<p>Majority from:<p>$10.5 million in speaking fees<br>$5.6 million in royalties<p>SANDERS<p>$206,000<p>Majority from:<p>$156,000 Senate salary<br>$46,000 Social Security benefits<p>Age<p>68<p>74<p>If elected, would be<p>First woman president<p>First Jewish president<p>Rapper …

Finance

Low dollar opportunity to boost food exports | Toronto Star

Here’s another comparison: In 2004, Ontario’s exports to China, at $1 billion (U.S.), were slightly higher than Illinois. By 2013, Illinois’ exports …

5 ways to spend your gas savings

Slide 1 of 7<p>Plummeting oil prices have translated into savings at the pump for drivers in 2015 and in the first month of 2016. As the savings …

5 things that will cost you more in 2016 (and 3 that won’t)

Slide 1 of 10<p><b>Hotels</b><p>Hotel prices around the globe are poised to rise this year, several research firms reveal. Hotels in the Asia Pacific region will …

It’s time to double-check your retirement plan

If you’re on retirement’s door step, say five to 10 years away from the day you want to call it quits, now may not be the time to do nothing.<p>Instead, …

Free tuition to Harvard? Sounds great. Here’s the problem

A group of five men — including lawyer and consumer advocate Ralph Nader — running to be part of one of Harvard’s governing bodies has proposed …

Sign up for the 2016 bank stock-picking contest

Canadian stocks celebrated the new year by plunging into a bear market.<p>While investors flee the resource sector, there is growing concern that financials might be next up on the market's chopping block.<p>As uncertainty abounds it's time to test your stock-picking prowess in my third annual big bank …

Is bitcoin broken? Prominent developer cashes out

A prominent bitcoin developer has labeled the currency a failed experiment, widening the rift over an arcane but critical technical issue that has …

Why a one-year fixed mortgage is your best bet

It has become a lot tougher to make sense of mortgage rates in the past few weeks.<p>With Canada in the midst of economic misfortune (the decimation of its oil industry), inflation expectations are falling. That usually leads to a drop in mortgage rates. But in today's bizarro world, the usual is not …

Rob Carrick: Eight reasons why a Bank of Canada rate cut is a bad idea

For eight years, the Bank of Canada has been trying to encourage economic growth by lowering interest rates. It's <i>so</i> not working.<p>In fact, lower rates are hurting a lot of people more than they're helping. We have to at least acknowledge this as speculation of yet another rate cut grows. It could …

Seeking a bottom for an entire economic cycle

As oil concluded a bad week with a plunge of nearly $2 a barrel on Friday, it seems pretty clear that something's got to give.<p>"Everyone was assuming …

Saving for retirement? What to watch out for in 2016

With the stock markets notching their worst-ever start for a new year, what should folks saving for retirement and those living in retirement look …

Carrick best reads: The lesson of the $10,000 hotel room

<i>The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.</i><p><b>The lesson of the $10,000 hotel room</b><br>A blogger talks about her disappointment at the $10,000 (U.S.) suite her company booked for client meetings in Las Vegas. The …

Nearly a third of millennials ‘not at all knowledgeable’ about RRSP savings: poll

Nearly a third of young Canadians admit they are "not at all knowledgeable" about retirement savings plans, according to a survey done for TD Bank.<p>The report also suggested that a large proportion of those aged 18 to 33 are uninformed about what registered retirement savings plans can and cannot be …

Banks charge small firms extra £4bn on top of standard fees for money transfers

New report slams lack of transparency over the spreads added to foreign currency deals<p>Small firms are paying out £4bn a year in built-in costs when they transfer money overseas using the nation’s high street banks, a landmark study has estimated, and Barclays’ customers are said to be the worst off.<p>…

Finance

Four questions banks need to answer when they report earnings

NEW YORK—When the big banks report their fourth-quarter and year-end earnings this week, they are expected to largely meet dampened expectations.<p>The bigger question will be whether the industry survived a tough 2015 only to face an even tougher 2016.<p>Here are the top four questions Wall Street …

Markets

Swiss Central Bank ready to curb franc's gains

ZURICH--The Swiss franc remains "considerably overvalued," with Switzerland's central bank willing to intervene in currency markets if necessary, a …

Millions of bank customers face increase in fees

<b>Millions of current account customers are being advised to consider their options, following an increase in fees, and changes in interest rates.</b><p>From Monday, monthly charges on the Santander 123 account - held by 3.6 million people - will more than double.<p>At the same time HSBC is cutting interest …

Finance

Demand for sub-prime credit boosts Provident

FTSE 100 lender now has 1.42 million credit card customers<p>Growing demand for debt in Britain helped the sub-prime lender Provident Financial bring in more customers for its credit cards, online loans and car financing during 2015.<p>Provident, which was promoted to the FTSE 100 last month, has shifted …

Customers

Is a European consumer credit model coming to the US via ecommerce?

If you are a retail customer in most European countries, you are quite familiar with this sight:<p>If you are from the US or the UK, chances are this …

Three reasons not to simplify your financial life | Reuters

LOS ANGELES (Reuters) - January seems to beg for fresh starts, organizing binges and articles about simplifying your life. In some ways, though, a little complexity is a good thing.<p>Signs explaining Federal Deposit Insurance Corporation (FDIC) and other banking policies are shown on the counter of a …

Personal Finance

New breed of online lenders takes aim at FICO credit score system

For years, the FICO creditworthiness score has been the bedrock of trillions of dollars of consumer lending in the US. Banks considering loans tend …

The Bank of England is getting even tougher on bankers' bonuses

In a statement released on Wednesday morning, the Prudential Regulation Authority, the bank's regulatory arm, put forward proposals designed to close loophole regarding so-called bonus buy-outs.<p>In its simplest form, a bonus buy-out is when a new employee is paid a bonus by his new employer, to …

Everything the world's central banks are doing in one big map

The pros at Deutsche Bank just released a handy map of monetary policy around the world in their "House View" for 2016.<p>The market anticipates two interest-rate hikes from the Federal Reserve this year, fewer than the Fed's telegraphed plans for four.<p>Regardless of the pace, the consensus is that US …

Five ways millennials can afford to have the family they want

<i>Bridget Eastgaard runs</i> MoneyAfterGraduation.com<i>, a financial literacy site dedicated to helping millennials get smart about money.</i><p>I turned 30 last week.<p>You wouldn't know it, because my life looks exactly as it did when I was 20. I'm in the scrappy grind of trying to start a new career. My rented …

The stars align for affordable housing in Toronto

<i>Mitchell Cohen is president of The Daniels Corp., the City of Toronto's partner on the Regent Park revitalization.</i><p>The stars are in perfect alignment for comprehensive action on affordable housing. Prior to the recent federal election, both the City of Toronto and the province of Ontario were poised …

Miserable? Blame the rich

Feeling miserable these days? You may be able to blame the 1%.<p>As the share of income held by the super rich (those in the top 1% of the income …

Why your boss wants you to donate to charity

If you’ve noticed extra emphasis from your employer on volunteering and donating to charity, you’re not alone.<p>There’s been a jump in employee giving …