CEO Louis Vachon's bonus was reduced, the bank's proxy circular says
The new chairman starts a three-year term
Bharat Masrani made $15.3 million last year in total compensation
Banks' U.S. and international businesses continued to post strong performance
Global banking receives "high risk" rating, along with securities firms
It makes sense to divest from countries where the bank doesn't have adequate scale
Royal Bank of Canada will report its results for the three-month period ended Jan. 31 on Friday
Bank cites growth in lending and deposit balances and improved margins from higher interest rates
Move enables Scotiabank to reduce risk and reallocate capital to markets in which it has a bigger presence
Consolidation the U.S. bank sector could accelerate