Tangerine to Add Credit Lines in Bid to Be Everyday Bank

Tangerine to Add Credit Lines in Bid to Be Everyday Bank

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

Tangerine, under new CEO Brenda Rideout, plans to transform into an everyday bank. With a background in technology and 18 years at the company, Rideout aims to expand Tangerine's offerings beyond its niche savings roots. Acquired by Scotiabank in 2012, Tangerine will introduce new products like lines of credit and credit cards to boost revenue and customer engagement. The goal is to create a comprehensive banking experience through cross-selling multiple products.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Brenda Rideout's educational background?

Finance

Economics

Computer Science

Business Administration

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company acquired Tangerine Bank in 2012?

CIBC

Scotiabank

Bank of Montreal

Royal Bank of Canada

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was Tangerine Bank's initial product offering when it started?

Mortgages

Lines of Credit

High Interest Savings Account

Credit Cards

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What new product is Tangerine Bank planning to add under Brenda Rideout's leadership?

Lines of Credit

Investment Funds

Personal Loans

Insurance Policies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of Tangerine Bank's transformation into an everyday bank?

To increase the number of branches

To reduce the number of digital services

To focus solely on savings accounts

To encourage customers to use multiple products