Birdwatch Note Rating
2025-03-04 21:53:19 UTC - HELPFUL
Rated by Participant: 6F4D462CF26BC26903605366907A8267D3B7A694AFFA7C2FA307DDBE45F0A8A0
Participant Details
Original Note:
The Bank Act restricts the activities of United States banks in Canada: no foreign retail branches can accept deposits less the $150K, no securities dealing, limits on branches and ownership rule restrictions. Canadian banks are unrestricted in the US. https://laws.justice.gc.ca/eng/acts/B-1.01/FullText.html
All Note Details