this post was submitted on 11 Jan 2024
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Wealthsimple is starting to look like Canada’s next big bank (www.theglobeandmail.com)
submitted 8 months ago by affairesdepiasses@lemmy.ca to c/personalfinancecanada@lemmy.ca
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[–] villasv@lemmy.ca 3 points 8 months 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