The bank said it plans to reallocate capital from developing to developed markets to ensure earnings are less volatile and more sustainable. — Reuters
TORONTO: Bank of Nova Scotia CEO Scott Thomson unveiled a new strategy for the Canadian lender, focusing on growth at its Canadian, Mexican and Caribbean units while it could exit underperforming regions such as Colombia.
The bank said it plans to reallocate capital from developing to developed markets to ensure earnings are less volatile and more sustainable.
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