Less diversified, riskier loan portfolios leave banks more vulnerable to downturn
IIROC alleged the rep misappropriated millions from elderly clients
ATB Financial was also hit by higher loan loss provisions
ATB Financial forecasts 0.8% growth for Alberta in 2019
Results improved quarter-over-quarter
But most, paradoxically, are confident about meeting their retirement goals
RBC finds boomers have a savings shortfall, while ATB finds female investors in Alberta lack confidence
The growth rate represents a 50% decrease since March, when growth was forecasted at 1.4%
The lawyer was first appointed to the ATB Financial board in 2008
Assuming the top job at the Alberta-based bank is “humbling,” says Curtis Stange