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Company: Bank of Nova Scotia

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Bank scene

'Challenging market conditions' and 'shifting environment' said to be putting pressure on revenue growth

Texting hands

Senior employees used WhatsApp for business communications, regulators find

Low angle view of Skyscrapers in downtown Toronto during the day

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

Modern office building close up in sunlight

Revenue growth across major business segments was outpaced by rising costs

Two senior ladies hiking in the woods

Professional advice, financial plan provide significant confidence boost

Bank of Nova Scotia, Toronto, On

Net income for global wealth management was down 7% from the previous year

Low angle view of Skyscrapers in downtown Toronto during the day

Amid growing challenges, Canadian banks still well positioned to absorb headwinds

Close of businesswoman making announcement in paper trumpet

Canadian equity issuance dropped sharply in 2022, and debt down too

growth

Lagging effects of higher rates to impact banks' bottom lines this year