Post by Deleted on Dec 20, 2015 9:43:00 GMT 7
Bank of Nova Scotia is mulling the future of its long-held stake in Thanachart Bank Public Co., one of the largest banks in Thailand.
Toronto-based Scotiabank, Canada’s third-largest bank by assets, said Friday it might look at strategic options for its 49% stake but hasn't made a final decision on that investment.
Its disclosure comes at a time when Scotiabank is sharpening its focus on generating more growth in Latin America. Over the past two years, Chief Executive Brian Porter has streamlined the bank’s operations, signaling a desire to build scale in key markets rather than planting flags in far-flung geographies.
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www.wsj.com/articles/scotiabank-may-consider-strategic-options-for-thai-bank-stake-1450445628
Toronto-based Scotiabank, Canada’s third-largest bank by assets, said Friday it might look at strategic options for its 49% stake but hasn't made a final decision on that investment.
Its disclosure comes at a time when Scotiabank is sharpening its focus on generating more growth in Latin America. Over the past two years, Chief Executive Brian Porter has streamlined the bank’s operations, signaling a desire to build scale in key markets rather than planting flags in far-flung geographies.
Continues
www.wsj.com/articles/scotiabank-may-consider-strategic-options-for-thai-bank-stake-1450445628
