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 […]
$1.9 million increase in revenue compared to same quarter last year
Net impact on fourth quarter earnings expected to be modest
After-tax valuation adjustment of $17 million to $20 million
CIBC to report VISA gain, U.S. mortgage writedowns in Q4
U.S. Lincoln General unit reports underwriting loss
Operating income rises despite lower premium and investment income
Wall Street firm expects to deliver solid Q4 results in other business units
Trust declares special cash distribution of 65¢ per unit
Lower underwriting income reflects decline in industry conditions, CEO says