Gramps, you don't know what a protected corporation is until you acquaint yourself with the Canadian Big-6 Banks.
Thanks as usual. With a few words in two sentences you have explained to me and the rest of us about the Canadian Big-6 Banks!
Apparently the Canadian Big-6 Banks, like James Bond have the license to do whatever!
The big Canadian 'chartered' banks are Canada's only world-class businesses. Their privileged position in the Canadian economy has been a byword for a century.
U.S. bankers can only dream of the access and influence their northern 'competitors' enjoy with the Canadian(and other) Governments.