Bank sold US$500 million of 3.5-year bail-in green bonds
Equity issuance hit a three-year low, while debt issuance was up 2% year over year
Decision to sell is consistent with the bank's strategy of geographic de-risking
Canadian Financial Sector Resiliency Group will launch in August
The bank will record a loss of approximately $400 million after tax
The firm is also lowering fees for a number of funds
Firm expects banks will build up their capital reserves — which already exceed the new minimums — even further
Profits rise along with credit loss provisions
The earnings miss was driven by higher provisions for credit losses
The new unit comes with an executive shuffle