ScotiaBank to Allow Tangerine to Rot?
No new services at Scotia's "Tangerine" to compete with CIBC's President's Choice Financial. (ING used to say they could not offer the same services as PCF as they, unlike CIBC, were not a full bank.)
Well, last time I checked even wire transfers were not supported by Tangerine. Including, incredibly, incoming wire transfers!
Could it be that BNS simply stepped up to destroy some foreign competition, hoping to recover the cost with ING customer business? Or was it a purchase of ING's technical, marketing and operating prowess? Both? Or?
If the biggest thing BNS has in mind for ING Direct is "an exciting new name", well, that franchise is in trouble.
Well, last time I checked even wire transfers were not supported by Tangerine. Including, incredibly, incoming wire transfers!
Could it be that BNS simply stepped up to destroy some foreign competition, hoping to recover the cost with ING customer business? Or was it a purchase of ING's technical, marketing and operating prowess? Both? Or?
If the biggest thing BNS has in mind for ING Direct is "an exciting new name", well, that franchise is in trouble.