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
Canadian wealth management revenue dropped 4.6%, and AUM was down 3.9%