Friday, July 21, 2006
Scotiabank's Expansion Overseas
Financial Post, Duncan Mavin, 21 July 2006Bank of Nova Scotia's international division has turned in stellar results of late, but the cost of integrating the bank's expansion overseas could hold back the performance of foreign units in the short-term, says Genuity Capital Markets analyst Mario Mendonca.In May, Scotiabank's international operations reported earnings of $268-million in the second
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