Ottawa: Scotiabank’s C-E-O says the bank could exit some foreign markets under a new strategic plan that will see it will direct about 90 per cent of incremental capital to its Canadian, American and Mexican markets.
Scott Thomson says there will be increased scrutiny on the bank’s spending in its Latin American markets.
The potential pullback on less profitable markets is part of a longer-term trend at Scotiabank, which has already left 25 higher
risk regions over the past decade