this post was submitted on 11 Jan 2024
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affairesdepiasses
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Wealthsimple is starting to look like Canada’s next big bank (www.theglobeandmail.com)
submitted 1 year ago by affairesdepiasses to c/personalfinancecanada
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[–] villasv 3 points 1 year ago

The concern is doing that and then ending up like the US, where regular bank failures are a thing.

There's zero concern of ending up like the US, it's a level of fuckedupness impossible to replicate at this point