AUM, wealth management revenue dropped amid challenging market conditions
Open banking has the potential to automate onboarding, allow for fee comparison and improve risk assessments
However, the bank and insurer surtax remains at 1.5% for profits over $100M
Capital for climate risks needs to be global, finds C.D. Howe report
Active management continues to be important with high inflation and relatively low interest rates, HSBC executive suggests
Spike in market volatility likely to hurt fee revenues, investor confidence
Mystery shopping exercise finds consumers felt good despite banks’ poor sales practices
Plaintiff brought case on behalf of TD Bank clients who were charged multiple NSF fees in connection with a single transaction
High-profile hires have helped to erode some of the stigma around the space
Multiple firms made announcements, plus BMO's Auerbach released a long-awaited retirement note