Revenue growth across major business segments was outpaced by rising costs
Professional advice, financial plan provide significant confidence boost
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
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
Desjardins, IG and CPP Investments made senior appointments
A special committee of independent directors is opposing the offer
MacAlpine declined to provide the share of the U.S. business it would spin off