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Part Three
From: Fleeced
$1.10
In this chapter, Spence examines Canada’s banking industry as an oligopoly, drawing on figures such as Ed Clark, who led TD Bank between 2002 and 2015, and Victor Dodig of CIBC, to explain how major banks use game-theory dynamics to maintain uniform pricing.
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Contributors
Andrew Spence
Andrew Spence is an independent financial consultant and economist. Andrew has extensive experience in banking from time spent in Canadian and global banks. He was also an investment executive at two of Canada’s largest pension plans and was Special Adviser to the Governor of the Bank of Canada.
