Scotiabank Eyes Malaysia, but Denies Bid

Reuters, Mark Bendeich, 15 September 2006Canada's Bank of Nova Scotia confirmed on Friday it was looking out for acquisitions in Malaysia, but denied a report that it planned to buy an indirect stake in the country's fourth-biggest lender.Malaysia's Business Times, citing unnamed sources, said Scotiabank planned to buy 32.8 percent of Rashid Hussain, parent of local lender RHB Capital, for