Scotiabank Move May Have Rate Impact in Peru

Reuters, Teresa Cespedes, 16 December 2005Lima, Peru -- Moves by Canada's Bank of Nova Scotia and Britain's HSBC Holdings PLC to set up shop in Peru's already crowded banking sector could spark a fall in interest rates and heat up the competition in the promising low-income loans segment, the country's banking superintendency said.Last week, Scotiabank, Canada's No. 3 bank by assets, agreed to