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The bank raised its quarterly dividend

Modern office building close up in sunlight

Rising costs and slower loan growth are also challenges

Bank scene

'Challenging market conditions' and 'shifting environment' said to be putting pressure on revenue growth

Sun Life building and Place Ville Marie, downtown Monteral

Participating life helps drive Canadian insurance sales, but wealth sales drop 23%

Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

Within wealth management, retail net inflows dropped 80%

Businessman hand showing financial report on table

Wealth management and individual insurance sales dropped at iA Financial

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Richardson Wealth parent firm posted $5.3-million net loss in first quarter

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Net flows decreased by 60% to $990 million from $2.5 billion a year earlier

  • By: IE Staff
  • May 4, 2023 May 4, 2023
  • 12:20
Entrance of historic bank building of Swiss bank Credit Suisse. Photo taken April 19th, 2021, Zurich, Switzerland.

Turmoil at the bank has simmered down, but challenges for Credit Suisse and the takeover deal have not

Hi-tech technological background with numbers and calculations

RF Capital CEO Kish Kapoor attributed the problems to technology issues, data transfer challenges and user training