Last C$73.71 CAD
Change Today +0.22 / 0.30%
Volume 881.1K
As of 1:03 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

bank of nova scotia (BNS) Snapshot

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07/31/14 - C$74.93
52 Week Low
08/28/13 - C$57.35
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bank of nova scotia (BNS) Details

The Bank of Nova Scotia provides various personal, commercial, corporate, and investment banking services in Canada and internationally. It operates in four segments: Canadian Banking, International Banking, Global Wealth & Insurance, and Global Banking & Markets. The Canadian Banking segment provides retail and small business banking products and services, including deposit accounts, investments, mortgages, loans, debit cards, credit cards, and related creditor insurance products to individuals and small businesses; and commercial banking solutions comprising deposit, lending, and cash management solutions to medium and large businesses. This segment offers its products through a network of 1,038 branches and 3,800 automated banking machines, and specialized sales teams, as well as through Internet, mobile, and telephone banking in Canada. The International Banking segment provides retail and commercial banking services to customers located in the Caribbean, Latin America, Central America, and Asia through a network of approximately 3,000 branches and offices, 7,500 automated banking machines, in-store banking kiosks, and specialized sales forces, as well as through mobile, Internet, and telephone banking. The Global Wealth & Insurance segment provides wealth management services, comprising asset management and client-facing services; and insurance products and services, such as creditor, life and health, home, and auto and travel insurance products. The Global Banking & Markets segment offers corporate lending, equity and debt underwriting, and mergers and acquisitions advisory services, as well as fixed income, derivatives, prime brokerage, securitization, foreign exchange, equity sales, trading and research, energy and agricultural commodities, and precious and base metals to corporate, government, and institutional investor clients. The Bank of Nova Scotia was founded in 1832 and is based in Toronto, Canada.

Founded in 1832

bank of nova scotia (BNS) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$800.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$400.0K
Group Head of Global Banking & Markets and Ch...
Total Annual Compensation: C$550.0K
Compensation as of Fiscal Year 2013.

bank of nova scotia (BNS) Key Developments

Scotiabank Agrees to Settle in Overtime Suit

Scotiabank has agreed to consider overtime claims from thousands of its front-line sales employees for work done as much as 13 years ago under a class action settlement that has now received court approval. The claim period will depend on the province or territory where the work was performed. The deadline for submitting a claim is October 15, 2014. Cindy Fulawka, a personal banking representative at Scotiabank, filed the lawsuit against the bank in December 2007 seeking to represent personal or senior bankers, financial advisers and small business account managers. Scotiabank said last month, after the settlement was negotiated, that the amount of money was 'not financially material' to the bank. The bank has also agreed to pay $10.45 million to the law firms acting for the plaintiffs.

Scotiabank and Class Counsel Reach Agreement to Settle Overtime Class Action

Scotiabank and the representative plaintiff Cindy Fulawka have reached an agreement to settle the Fulawka v. The Bank of Nova Scotia Overtime Class Action. A hearing for approval of the proposed settlement will take place on August 12. The class action was commenced against the Bank in December 2007 on behalf of certain full-time retail branch bank employees in Canada who held the positions of Personal Banking Officer, Senior Personal Banking Officer, Financial Advisor or Account Manager Small Business. Scotiabank is participating in the settlement proposal to reinforce its long standing commitment to pay employees for their overtime work or provide time in lieu. The Bank is confident that its employee policies, including on overtime, have been applied fairly and consistently. The basis of the settlement, which is subject to approval on August 12, is a claims process. If the settlement is approved, the Bank will encourage and invite all eligible class members to make claims for any overtime that was worked but not previously compensated during the claim period identified in the Class Action.

Scotiabank Announces Expansion of its Global Equity Business; Names Executive Appointments

Scotiabank announced an expansion of the bank's global equity business, reinforcing Latin America as a priority growth area with the launch of an equities brokerage operation, Scotia Securities (Colombia) S.A. Juan Camargo was named Head of Local Equities and General Manager of the Colombia brokerage. Andrea Gonzalez and Jorge Cruz joined the team as Sales Traders, Institutional, Latin America. The company’s global equity and advisory team provides sales, trading, structuring and advisory services for the full spectrum of equity products, including cash equities, global prime services, equity research and derivative products.


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