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.

TSX:BNS - Post by User

Bank of Nova Scotia > Interest rate cut

<< Previous

Bullboard Posts

Next >>

Comment by DeanEdmontonon Oct 25, 2024 10:56am

115 Views

Post# 36281973

RE:Interest rate cut

Actually, that is incorrect. Banks generally have a better Net Interest Margin when rates are higher. Once rates get really low that margin tends to shrink. You can't pay less than 0 on savings, though a couple of banks tried to and got resoundingly thrashed for it, and you can only drop GIC rates so low, before no one will deposit money in them. No GICs makes it hard to match fund the fixed rate book for stuff like mortgages. Funding fixed rate loans with variable rate deposits is very risky.