Planned acquisition of Cencosud Peru not expected to affect bank’s asset quality
The completed deal creates the third-largest Canadian active asset manager with $166 billion in assets under management
With the introduction of four ETFs, the bank would become the latest among the Big Five to enter this rapidly growing space
The bank is investing $250 million over the next decade to help its employees adapt to the digital economy
Canada’s banks now are holding more capital as a safety buffer than they were 10 years ago
Acquisition helps Scotiabank expand in the institutional space
Banks helped by brisk business in Latin America and the United States
Earnings in the bank’s international banking division rose 16% year-over-year to $667 million
The bank’s challenge will be to cross-sell its other products to its newly acquired clients from Jarislowsky Fraser
The Montreal-based investment management firm has more than $40 billion in assets under management on behalf of institutional and high net-worth clients