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
Big banks preparing for range of scenarios with incoming Trump administration
The hold reflects OSFI's view that risks facing the financial system remain generally stable
The Canadian bank announced in August a plan to acquire a 14.9% stake in KeyCorp
The bank says it will put out its year-end results in mid-December
The banks reported mixed results this week
The company bought back the 20% stake in the business that was owned by Scotiabank in 2023
The bank's profit level is up about $10M from the same period last year
The bank has also raised its quarterly dividend