Regulatory, financial and economic headwinds all weigh on deal activity
Tighter financial conditions pose growing threat to non-banks that may spread throughout financial sector
The bank is the farthest along in this process among the Big Six
The case began when two U.S.-born women living in Canada contested the legislation
New rules increase minimum liquidity requirements and prohibit "gates"
The bank said it's committed to its 2023 strategy and fiscal priorities while the review takes place
BofA has been cutting down on its reliance on overdraft fee revenue
Finance extended the consultation period by 15 days to July 21
The FCAC said it would monitor financial institutions' level of compliance with the new expectations
Turmoil in U.S. banking business shook stablecoin market, Fitch reports