Fitch says Wall Street giant is seeking stability in retail fee revenues
Revenue in wealth management was up 8%
Rising interest rates drive increase in wealth management revenue
A KPMG survey finds 88% of Black Canadian workers feel companies need stronger commitments and targets for hiring and promoting Black people
Net income for wealth management was down 12% from a year ago
Net income for global wealth management was down 7% from the previous year
The settlement comes as TD works its way through two major acquisitions in the U.S.
More severe downside scenarios will lead to larger capital buffers, Fitch says
Canadian wealth management revenue dropped 4.6%, and AUM was down 3.9%
Banking regulators warned about added liquidity risks from crypto clients