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Bank of Nova Scotia (BNS.TO)

BNS.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Scotiabank sues Puerto Rico over loan repayment - WSJ
Wednesday, 28 Sep 2016 09:24pm EDT 

: Scotiabank sues Puerto Rico over loan repayment - WSJ .Scotiabank filed a lawsuit against Puerto Rico's government seeking repayment of a multimillion-dollar loan - WSJ.  Full Article

Scotiabank reports Q3 EPS c$1.54
Tuesday, 30 Aug 2016 06:03am EDT 

Bank Of Nova Scotia : Scotiabank reports third quarter results . Q3 earnings per share c$1.54 . Q3 earnings per share view c$1.48 -- Thomson Reuters I/B/E/S . Qtrly provision for credit losses was $571 million, up $91 million or 19% across all business lines . Qtrly total revenue $6,640 million versus $6,124 million last year . Qtrly common equity tier 1 capital ratio of 10.5% increased from 10.1% last quarter . Qtrly net interest income $3,602 million versus $3,354 million .Qtrly ROE of 14.8%, compared to 14.7% on a reported basis.  Full Article

British Columbia says 3 pct of home sales involved foreign buyers between June 10-29
Thursday, 7 Jul 2016 02:29pm EDT 

: British Columbia Finance Minister Says About 3 Pct Of Property Transactions Involved Foreign Nationals Between June 10 and June 29 . British columbia finance minister says average property purchase by foreign national was c$1,157,000, significantly higher than by canadian citizens . British columbia finance minister says intention for province to update housing data monthly . British columbia finance minister says has seen far more evidence of 'flipping' in the past than at present . British columbia finance minister says largest group of foreign investors in residential property are from china (Reporting by Matt Scuffham) ((matthew.scuffham@thomsonreuters.com;)).  Full Article

Canada regulator considering changes to mortgage guidelines
Thursday, 7 Jul 2016 11:28am EDT 

: Canada's bank regulator says considering changes to mortgage underwriting guidelines . Canada Regulator - Borrowers relying on income sources outside of canada pose particular challenge for lenders . Canada regulator says limits for downpayments on higher risk mortgages need to be revisited . Canada regulator says some institutions 'not as proactive' as others to ensure prudent mortgage lending (Reporting by Matt Scuffham) ((matthew.scuffham@thomsonreuters.com;)).  Full Article

Canada finance minister welcomes bank regulator's move on stressing underwriting of mortgages
Thursday, 7 Jul 2016 09:52am EDT 

: Canada finance minister says welcomes move by bank regulator to stress need for prudent underwriting of residential mortgages . Canada finance minister says bank regulator's move is consistent with government actions to address pockets of risk in Canada's housing market (Reporting by David Ljunggren) ((david.ljunggren@thomsonreuters.com;)).  Full Article

Bank Of Nova Scotia announces dividend
Tuesday, 31 May 2016 06:00am EDT 

Bank Of Nova Scotia :Dividend on outstanding shares of bank for quarter ending July 31, 2016 is $0.72 per common share.  Full Article

BRIEF-Bank Of Nova Scotia Q2 earnings per share C$1.23
Tuesday, 31 May 2016 06:00am EDT 

Corrects fifth bullet to show revenue was $6.59 billion in the latest Q2, not $11.8 billion.Bank Of Nova Scotia : Scotiabank reports second quarter results . Q2 earnings per share C$1.23 . Q2 earnings per share view C$1.42 -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share C$1.46 . Q2 total revenue $6.59 billion versus $5.94 billion last year . Qtrly net interest income $3,518 million versus $3,198 million last year . Qtrly provision for credit losses was $752 million, up from $448 million in same quarter last year . Says as at April 30, 2016, CET1, tier 1, total capital and leverage ratios are well above basel III all-in minimum requirements . Qtrly roe of 12.1%, compared to 15.1% . Bank Of Nova Scotia says at quarter end bank's common equity tier 1 capital ratio "remains strong" at 10.1% .Q2 earnings per share c$1.23.  Full Article

Bank of Nova Scotia reports Q2 earnings of C$1.23 per share
Tuesday, 31 May 2016 06:00am EDT 

Bank Of Nova Scotia : Says Q2 total revenue $6.59 billion versus $5.94 billion last year . Scotiabank reports second quarter results . Q2 earnings per share C$1.23 . Q2 earnings per share view C$1.42 -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share C$1.46 . Qtrly net interest income $3,518 million versus $3,198 million last year . Says as at April 30, 2016, CET1, tier 1, total capital and leverage ratios are well above BASEL III all-in minimum requirements . Qtrly ROE of 12.1%, compared to 15.1 percent . Qtrly provision for credit losses was $752 million, up from $448 million in same quarter last year .Bank of Nova Scotia says at quarter end bank's common equity tier 1 capital ratio "remains strong" at 10.1 percent.  Full Article

Bank of Nova Scotia - Deutsche Bank AG to settle U.S. silver price-fixing litigation - Reuters News
Wednesday, 13 Apr 2016 07:01pm EDT 

Bank of Nova Scotia:Deutsche Bank AG has agreed to settle U.S. litigation over allegations it illegally conspired with Bank of Nova Scotia and HSBC Holdings Plc to fix silver prices at the expense of investors, a court filing on Wednesday showed - RTRS.Terms were not disclosed, but the accord will include a monetary payment by the German bank, a letter filed in Manhattan federal court by lawyers for the investors said.Deutsche Bank has signed a binding settlement term sheet, and is negotiating a formal settlement agreement to be submitted for approval by U.S. District Judge Valerie Caproni, who oversees the litigation.A Deutsche Bank spokeswoman declined to comment. Lawyers for the investors did not immediately respond to requests for comment.Investors accused Deutsche Bank, HSBC and ScotiaBank of abusing their power as three of the largest silver bullion banks to dictate the price of silver through a secret, once-a-day meeting known as the Silver Fix.According to the lawsuit, the defendants distorted prices on the roughly $30 billion of silver and silver financial instruments traded annually, violating U.S. antitrust law. UBS AG UBSG.S was also named as a defendant.Investors accused the Swiss bank of conspiring to exploit the Silver Fix, though it did not help set the benchmark.Spokesmen for HSBC and ScotiaBank declined to comment, saying they could not discuss pending litigation. A spokeswoman for UBS did not immediately respond to requests for comment.  Full Article

Bank of Nova Scotia announces dividend
Tuesday, 1 Mar 2016 06:02am EST 

Bank of Nova Scotia:Says dividend of $0.72 per share, an increase of 2 cents.Payable on April 27.Record date as on April 5.  Full Article

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Scotiabank, Bank of Montreal defend sales practices amid probes

TORONTO Bank of Nova Scotia and Bank of Montreal, two of Canada's biggest banks, on Tuesday defended their sales practices after media reports that staffers were pressured to meet targets.