Initiative received 42% support from RBC shareholders at latest AGM, and 37% from BMO shareholders
Profits face further pressure as deposit rates continue to increase
Rates staying higher will continue to drive credit outlook, Moody's says
The rating agency's concerns stem from recent adverse events at the bank
Multiple industry veterans made changes, plus Richardson Wealth's John Horwood retired
Removal of competitor could raise already-elevated bank fees, report says
The bank sought to reassure investors that the stock sale is not a matter of concern
Customers in affected communities requiring in-person banking services will have to go to other branches
Margin pressures, slowing loan growth and rising capital demands to continue
The announcement comes a day after Scotiabank said it was cutting 3% of its global workforce