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Rogers To Hold Media Event Today, Could They Be Launch Rogers Bank?

Back in September 2011, we wrote about some speculation that Rogers was looking to become a Canadian bank, there are so many reasons why this seems like an unrealistic thing to happen given the conservative nature of the Canadian government.  However we received a media invitation to an event that Rogers and CIBC are hosting later this morning.  So could the big announcement where Rogers and CIBC have partnered to launch a online bank?  You may remember years ago CIBC did experiment with an online bank as they had launch BizSmart, there were no branches, everything was done over the Internet.  BizSmart was shut down after about a year, but at the time it was revolutionary, now with some new technology in play, a national wireless carrier and things could be very different.  We’ll have more for you on this story as it unfolds later today.