banking

Ecuador dollarized successfully in 2000 despite being in the middle of a political and banking crisis, with a shortage of reserves at its central bank.

Carolyn Rogers 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.

Democrats -- emboldened by polling showing voters mostly blaming the shutdown on Republicans -- are banking on increasing public support in a prolonged standoff.

But the latest bugaboo from the banking lobby is the possibility of other companies rewarding customers for using stablecoins.

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.