Bank of Nova Scotia T.BNS

Alternate Symbol(s): BNS

Financial Services

The Bank of Nova Scotia is a bank in the Americas. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Its segments include Canadian Banking, International Banking, Global Wealth Management and Global Banking and Markets. The Canadian Banking segment provides a full suite of financial advice and banking solutions to retail, small business and commercial banking customers. The International Banking segment is a diverse franchise with Retail, Corporate, and Commercial customers. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across its footprint. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets.

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Bank of Nova Scotia > can someone break down the situation very step by step?

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Comment by mbuchon Oct 03, 2023 4:31pm

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Post# 35667768

RE:can someone break down the situation very step by step?

When the bank customers can't pay their mortgages the bank doesn't get their interest payments. Sure the bank may own the home but won't get 3 times the value of the interest over the term of the mortgage. The bank will have to sell the house for hopefully what is owed on it.

That's not good for the banks.

robertbig wrote:
need someone to break down the situation very step by step,

understand the canadian housing market is in trouble,

get some mortages are becoming interest only,

why is this bad for the bank?

i thought higher interst rates generally helped banks, wasn't that the problem with european bank earnings?