Smaller banks less diversified than Big Six, but still poised for growth
The bank's profit level is up about $10M from the same period last year
Kevin Gopaul becomes CIO of REX Financial Canada
Deal includes about 2,050 clients and $250 million in assets
The plan hopes to position the company as an alternative bank
Deal includes 16,000 accounts, $2 billion in assets, 30 advisors
Bank cuts 2% of staff, will revamp its strategic plan
Montreal-based bank said it will stick with its current business plan, with an increased focus on efficiency
The bank said it's committed to its 2023 strategy and fiscal priorities while the review takes place
Less diversified, riskier loan portfolios leave banks more vulnerable to downturn