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
CEO says results are “not what we are accustomed to delivering”
Scotiabank has also announced plans to keep workforce at home
The bank has partnered with tech companies Red Hat and NVIDIA
Canadian households vulnerable entering the crisis, but banks look strong