Outlook shifts to neutral as banks adapt to higher rate environment
Initiative received 42% support from RBC shareholders at latest AGM, and 37% from BMO shareholders
Finance also announced measures to tackle bank fees and mortgage relief
Change to address negative amortization mortgages a positive, Fitch says
Weakness in commercial real estate will impact Big Six loan portfolios
Regulators fined firms a total US$549 million for record-keeping failures
B.C. court says case meets criteria and allows plaintiff to revise claim
The bank is the farthest along in this process among the Big Six
Rising loan losses, growing expenses eating into banks' bottom lines
Latest increase ensures banks have a cushion to absorb rising credit losses