Former CI president supports proposal to open up bank shelves to independent products
BIS reports cross-border payments rise, as correspondent banks dwindle
The bank earned $2.25 billion in the quarter, down from a profit of $3.25 billion a year earlier
The bank earned $1.17 billion in its third quarter, down from nearly $1.4 billion a year earlier
Most of the decline is tied directly to the pandemic
Net income for the bank’s wealth management business increased 37% year over year
Strong results in global banking, wealth management offset hit to retail banking
Analysts remain cautious, but there may be room for positive surprises
The bank reached a US$122-million settlement with the U.S. Consumer Financial Protection Bureau
Regulators' proposals aim to ensure banks can endure severe negative events