Scotiabank Plans to Expand Latin America Transfer Business

Bloomberg, 15 August 2006Bank of Nova Scotia, Canada's third-largest bank, may expand its wire transfer business in Latin America to compete with lenders such as Wells Fargo & Co., a bank executive said.The Toronto-based bank, known as Scotiabank, is targeting countries including Mexico, Peru and the Dominican Republic, said Peter Cardinal, executive vice president for Latin America.``We will