The bank also appointed Tammy Brown to its board of directors
The bank's wealth management business earned $699M in the quarter
However, the picture may not be as bad as it appears, says DesRosiers managing partner
PBO expects it to add 26,000 units over five years
Its wealth management business contributed $447M in net income
Allied says it will continue to sell non-core assets to reduce debt
A rise in program expenses pushed the deficit higher than the same period last year
JV pays $471 million for assets in key markets
The bank will take a 20% stake in the Colombian institution
New car sales dropped by 3.7% as overall spending weakens