19:12:21 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,209,703,053
Close 2018-06-07 C$ 76.18
Market Cap C$ 92,155,178,578
Recent Sedar Documents

Globe/wire say ScotiaMocatta's upheaval continues

2018-06-08 08:16 ET - In the News

The Globe and Mail reports in its Friday edition that two more staff members on Thursday resigned from ScotiaMocatta, the metals arm of Bank of Nova Scotia, following an exodus of senior management as the bank embarks on a radical restructuring. A Reuters dispatch to The Globe says that Scotiabank intends to halve the size of Mocatta, the largest financier of the global precious-metals industry, and has already begun to limit lending, sources said earlier. More than 10 sales and trading staff including Mocatta's managing directors in Europe and North America were already leaving or have left. On Thursday, precious-metals trader Ian Penney and precious metals director Anton Down resigned and left ScotiaMocatta. Bank of Nova Scotia closed Thursday at $76.18, down 28 cents on the Toronto Stock Exchange.

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