Canadian wealth management revenue dropped 4.6%, and AUM was down 3.9%
AUM dropped 5.9%, net outflows in retail wealth management were $1.6 billion year over year
Wealth leader Stephan Bourbonnais wants the iA businesses to lead the way in the new self-regulatory regime
The result beat expectations
Assets under management also dropped 8% in 2022
TD holds a 12% stake in Schwab
The agency said it expects corporate defaults to rise as credit markets tighten
Higher net interest income may be the only bright spot for Canadian banks in 2023
The bank's bottom line was boosted by Bank of the West acquisition
The bank is putting more bankers, advisors on the street, CFO says