Both banks report Q4 2018 net income increases of roughly 9%
Solid quarterly performance caps a “very strong year”
Provisions for credit losses rise to $264 million
Bank marks a new record annual profit of $12.4 billion
Despite strong results form its international banking division, the bank plans to sell its banking operations in nine Caribbean countries
The airline has also signed agreements with TD, CIBC and Visa that will see them stay on with the Aeroplan loyalty program until at least 2030
Challenges remain in ensuring regulators adopt Basel III standards in a timely way
Recommendations designed to support supervisors’ improved monitoring of compensation decisions taken by major financial firms in relation to misconduct risk
Review will take a closer look at disputes handled by the banks internally and complaints escalated to OBSI and ADRBO
Revised guideline reflects the latest changes to the banks' capital adequacy regime