Banque du Peuple controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1895
Unsafe unsecured lending and bank failure
The bank suspended operations after cashier J. S. Bousquet resigned. A subsequent report found that he had made numerous large unsecured loans valued at more than CA$1.5 million. Bousquet fled to the United States, and the directors faced criticism for failing to supervise his conduct.
1837
Allegations of financing the Lower Canada Rebellion
Contemporary rumors alleged that Banque du Peuple funds had been used to purchase arms for the Lower Canada Rebellion. The directors publicly denied supplying money for rebellion or any illegal purpose. Several people associated with the bank were arrested after the uprising, but the alleged institutional financing was not established in the cited account.