Bank of Nova Scotia T.BNS

Alternate Symbol(s): BNS

Financial Services Banks - Global

The Bank of Nova Scotia (the Bank) is a Canadian chartered bank. The Bank's segments include Canadian Banking, International Banking, Global Wealth Management, Global Banking and Markets, and Other. The Canadian Banking segment provides a full suite of financial advice and banking solutions. The International Banking segment is a diverse franchise offering financial advice and solutions to retail, corporate and commercial clients. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across the Bank's footprint. The Global Wealth Management segment serves investment fund and advisory clients across 13 countries. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. The Other segment includes Group Treasury, smaller operating segments and corporate items which are not allocated to a business line.

TSX:BNS - Post by User

Bank of Nova Scotia

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Post by lunduon Dec 30, 2009 6:58pm

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Post# 16627621

china investment

I think the bank is investing in China in an appropriate way. If they had jumped in with a big acquisition they would have been criticized for not being cautious in these uncertain times. Instead, they try to build up an investment/relationship that has already been reasonably successful. This sounds like an investment that could prove very profitable in the long run and could develop other profitable investments in the not too distant future. Also, the bank is only allowed to own a 20% stake as per the Chinese government regulations.

lundu

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