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President's Choice Bank
President's Choice Financial (french: Services financiers le Choix du Président), commonly shortened to PC Financial, is the financial service brand of the Canada, Canadian supermarket chain Loblaw Companies. Two different wholly owned subsidiaries of Loblaw Companies provide services under the President's Choice Financial brand: personal banking and Mastercard credit card services are provided by the federally chartered President's Choice Bank, and insurance is provided by PC Financial Insurance Brokers. Services Bank Machines (ATMs) Most Loblaws and Loblaws-owned stores offer access to a PC Financial-branded ATM. These ATM can be used for no fee by PC Financial MasterCard holders. All other customers who use the ATM (including Simplii) will be charged fees Mastercard credit cards President's Choice Financial Mastercard credit cards are issued by President's Choice Bank, a subsidiary of Loblaw Companies. PC Mastercard has no relationship to CIBC, and cash advance fees we ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |