Alex Besharat to retire, prompting shuffle at Scotiabank’s Canadian wealth management division
The bank's profit amounted to 76 cents per diluted share for the quarter ended Jan. 31
The bank's wealth management and capital markets businesses helped push the profit up from $1.29B a year ago
The bank's Q1 profit was down from a year ago
The U of T economics professor will work with the bank in a part-time role
The bank is looking for ways to simplify its holdings and chart a path forward: CEO
Bloomberg New Energy Finance ranked RBC as having the worst ratio of clean energy to fossil fuel funding among major global banks
As of Friday, the other Big Six banks were still listed as members
The bank says it cut the bonuses to reflect the seriousness of its anti-money laundering failures
Plus, other firms announce fee changes, fund closures and mergers