The sector's assets and share of global assets dropped last year, according to the FSB
National Bank was a notable outlier
Key executives' presentations during the bank's 2023 investor day unveiled new strategies and initiatives
CEO Scott Thomson said the bank will direct about 90% of incremental capital to its Canadian, U.S. and Mexico markets
Pipeline of female leaders diverted by workplace shifts, DBRS says
Higher capital levels would give the banks a bigger cushion, given the weaker economic outlook, report says
Ray Chun moves to personal banking and Tim Wiggan heads wealth management and insurance
OSFI says that vulnerabilities are high, but haven't intensified in recent months
Bank cuts 2% of staff, will revamp its strategic plan
The fine is the second announced this week, after RBC was also penalized