Weak financial markets pushed down wealth management revenue
This week's results come with bank stocks under some pressure as part of the wider economic uncertainty
At issue is the bank's poor track record of serving Black, Latino clients
The combined business will operate as TD Cowen, a division of TD Securities
The Canadian banking industry's push south comes after U.S. President Joe Biden issued a broad executive order calling for increased competition
The bank's law compliance seems at odds with its environmental commitments
Global wealth management earnings grew 9%
Wealth management income was down in the quarter
High-profile hires have helped to erode some of the stigma around the space
The results come as investors shift from growth stocks to more value-oriented options like banks