Month: May 2020

Monopoly Man 3 Monkeys

Bad Banks

A Bad Bank while ominous-sounding, is not a bank acting in bad faith. It is a structure meant to isolate high risk and illiquid assets of banks and/or financial institutions, to clear their balance sheets while still taking some write downs. The concept gained popularity during the 2008 financial crisis when they were being considered …

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Canada Emergency Wage Subsidy (CEWS) is a $73 Billion emergency program set up the Canadian government to provide assistance to Canadian businesses, prevent job-losses and encourage employers to rehire laid-off workers. As a Canadian employer whose business has been affected by COVID-19, you may be eligible for a subsidy of 75% of employee wages for …

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