CEO cites stress, health in decision to resign from post
Nonetheless, the bureau found evidence of several instances when HSBC Canada’s lineup had influenced RBC’s offerings
Full-time employee equivalent count was down 1,709 from Q4 of 2022
Revenues in wealth management increased 6% year over year
The bank's wealth management profits declined from the previous quarter
Costs related to layoffs totalled $223 million, though the bank didn't disclose the number of employees let go
Bank earnings continue, with jobs and GDP data later in the week
Activists say banks aren't delivering on efforts against climate change
The warning about cuts follows the bank's trimming of 1% of full-time equivalent employees in Q3
The bank also reported lower profits and rolled out an expanded share buyback program