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Scotiabank won't sell metals business after all

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Published : February 27th, 2018
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Category : GoldWire

TORONTO -- Canadian lender Bank of Nova Scotia said today it would keep its ScotiaMocatta metals trading business, ending months of speculation that it could be sold, and the bank reported earnings that beat market expectations.

However, the metals business will be slimmed down following a strategic review, the bank’s investment banking head, Dieter Jentsch, said on a conference call. ...

... For the remainder of the report:

https://uk.reuters.com/article/us-bank-nova-r...nk-pulls-plu...

 

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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