The bank will retain a minority stake in the fintech, which remains independent
The boycott began in response to growing anti-Semitic and anti-Black rhetoric found on Facebook
“Too big to fail” reforms have resulted in more resilient banks, according to a report
Program offers loans to businesses affected by Covid-19
Demands of social distancing have accelerated bank transformation
But banks may have to set more money aside if economic conditions continue to deteriorate
Francois Desjardins has been with the bank for 29 years
ATB Financial also reported lower net income for the 2019-20 fiscal year due to provisions for loan losses
The bank's Q2 profit dropped nearly 80% from a year ago, leading to a dividend cut
The bank recorded a $1.5-billion profit, down from $3.2 billion a year ago