NFP's latest acquisition helps solidify its expanding asset-based business
CEO Ken Rae sells his stake but stays on as key leader
Across multiple industry segments, shifts have occurred
Spike in market volatility likely to hurt fee revenues, investor confidence
Global wealth management revenue dropped 12.5%
Across all segments of the industry, advisor and management shifts are taking place
The rating agency cited "persistently high debt levels"
The bank's wealth management arm earned $169 million in the quarter, up 3% from a year ago
Across the industry, there were retirement announcements and an advisor move
CIBC's Canadian commercial banking and wealth management business earned $480 million for the quarter