Bank of Nova Scotia today announced that as a result of strong investor demand for its domestic public offering of non-cumulative five-year rate reset preferred shares Series 22 the size of the offering has been increased to 12 million shares. The gross proceeds of the offering will now be $300 million.The offering was made through […]
Bank of Nova Scotia today announced a domestic public offering of 8 million non-cumulative five-year rate reset preferred shares Series 22 at a price of $25 a share, for gross proceeds of $200 million.Shareholders will be entitled to receive a non-cumulative quarterly fixed dividend for the initial period ending January 25, 2014 yielding 5% per […]
Provision for credit losses rises to $159 million
The acquisition of E*Trade Canada doubles the bank’s presence in the online brokerage sweepstakes
Canadian dollar likely to appreciate
Bank of Nova Scotia announced Monday that it will purchase E*Trade Canada from U.S.-based parent E*Trade Financial Corp. Under the agreement, Scotiabank will purchase E*Trade Canada for US$442 million ($444 million), subject to regulatory approvals. The deal will double Scotiabank’s footprint in the Canadian online investing market.“Scotiabank’s agreement to purchase E*Trade Canada demonstrates our commitment […]
Agreement will enable referrals for customers in Canada and India
Bank acquires US$33 million stake in private pension fund
Office will help bank build on relationships in the region
But bank increases quarterly dividend