Bank of Nova Scotia today announced that in its fourth quarter 2007 results there will be mark-to-market write-downs on non-Bank asset-backed commercial paper (ABCP) and structured credit instruments of approximately $190 million ($135 million after-tax).Scotiabank also announced that as a result of the bank’s domestic and international interests in Visa Inc., it will record a […]
New interactive tool helps investors calculate asset mix and foreign investments
Grupo Scotiabank today announced solid results for the third quarter of 2007 driven by continued asset and deposit growth, improved margins, increased non-interest revenues and well controlled expenses. Scotiabank Mexico’s third quarter consolidated net income was $132 million, or $1,391 million Mexican pesos.Bank of Nova Scotia says these results are adjusted to a Canadian GAAP […]
U.S. offering builds on bank’s NAFTA presence
Online broker to continue to operate under its current brand
Bank of Nova Scotia announced late Friday that all regulatory approvals have been received and it has completed the $608 million transaction announced September 18, involving Scotiabank’s purchase of Dundee Bank of Canada and its strategic equity investment in DundeeWealth Inc.Scotiabank is purchasing 300,000 newly-issued common shares and 27 million newly issued non-voting special shares […]
Bank of Canada may opt to cut rates by half a percentage point by year-end
Sale of banking unit to Scotiabank would be allowed to proceed
Company stands by agreement with Scotiabank
Unsolicited offer tops bid from Scotiabank