Upfront spending weighs on banks' bottom lines, despite revenue growth
Revenue for the quarter totalled $2.71 billion, up from $2.56 billion in the same quarter last year
Anti-ESG proposals fall flat with investors, SHARE reports
Higher capital levels would give the banks a bigger cushion, given the weaker economic outlook, report says
Revenues were down slightly in Q4, while expenses and loan provisions were up
Outlook shifts to neutral as banks adapt to higher rate environment
Initiative received 42% support from RBC shareholders at latest AGM, and 37% from BMO shareholders
Finance also announced measures to tackle bank fees and mortgage relief
Change to address negative amortization mortgages a positive, Fitch says
Weakness in commercial real estate will impact Big Six loan portfolios