Non-financial sanctions put limits on the bank's growth in the U.S.
Monetary impact is immaterial, but bank's rep takes another hit
Deposit costs will ease, but it will take time for banks' margins to improve
Appointments follow multiple executive changes as bank resolves U.S. investigations into anti–money laundering program
Outgoing CEO Masrani, who's retiring in 2025, says Chun is "the right leader at the right time"
Bank repeatedly shared wrong information with credit reporting agencies, CFPB alleged
Higher loan-loss reserves drag on Q3 net income, despite revenue gains
Resolving the investigations will mean both monetary and non-monetary penalties, the bank said
Firms charged over unapproved off-channel communications
Asset quality, capital expected to remain strong