Tangerine to Add Credit Lines in Bid to Be Everyday Bank

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.

What is Brenda Rideout's educational background?

• Finance

• Economics

• Computer Science

• Business Administration

Which company acquired Tangerine Bank in 2012?

• CIBC

• Scotiabank

• Bank of Montreal

• Royal Bank of Canada

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

• Mortgages

• Lines of Credit

• High Interest Savings Account

• Credit Cards

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

• Lines of Credit

• Investment Funds

• Personal Loans

• Insurance Policies

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