bank

The bank accounts of social depravity have never been fatter.

They even lend to well-established public companies looking for speed of execution, privacy or flexibility that banks cannot provide.

“If it wasn’t for the potential access to knowledge and capabilities to drive our strategy, we could probably go borrow money from our bank or from the capital markets,” he said.

OTTAWA—The Bank of Canada’s No. 2 official endorsed a competition shakeup in the highly concentrated financial-services industry, saying the country’s banking sector is an oligopoly and changes could help lift Canada’s prolonged productivity slump.

The central bank is trying to shore up a slackening U.S. jobs market while ensuring inflation doesn’t get out of hand again.