Plus other moves within the industry this week
Reports profit of $847 million for the quarter ended April 30, down from $889 million a year earlier
FCAC charged with selecting single, external complaints body
Half of the Big Six have committed to racial equity audits in response to engagement from activist shareholders
Revenue growth across major business segments was outpaced by rising costs
New appointments at National Bank of Canada, Foresters Financial and Sagicor
Denis Girouard will step in for Martin Gagnon until a successor is named
Amid growing challenges, Canadian banks still well positioned to absorb headwinds
In December, OSFI raised banks' capital requirements by half a percentage point
Lagging effects of higher rates to impact banks' bottom lines this year