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The bank will retain a minority stake in the fintech, which remains independent

Toronto skyline in financial district

The boycott began in response to growing anti-Semitic and anti-Black rhetoric found on Facebook

Toronto skyline in financial district

“Too big to fail” reforms have resulted in more resilient banks, according to a report

people and finance concept - customer with pen and paper writing application at bank office

Program offers loans to businesses affected by Covid-19

  • By: Staff
  • June 26, 2020 June 26, 2020
  • 11:52
Female hands using mobile banking on smart phone

Demands of social distancing have accelerated bank transformation

  • By: Staff
  • June 19, 2020 June 19, 2020
  • 13:59
Toronto skyline in financial district

But banks may have to set more money aside if economic conditions continue to deteriorate

Business man looking at big bright opened door concept

Francois Desjardins has been with the bank for 29 years

Business Team Meeting Project Planning Concept

ATB Financial also reported lower net income for the 2019-20 fiscal year due to provisions for loan losses

Career burden and business stress concept as a businessman or worker pulling a giant heavy metal anchor as a metaphor for hardship and strugge with taxes or oppression.

The bank's Q2 profit dropped nearly 80% from a year ago, leading to a dividend cut

close up, business man or lawyer accountant working on accounts using a calculator and writing on documents

The bank recorded a $1.5-billion profit, down from $3.2 billion a year ago