BANKING AFFAIRS

Detailed explanation-1: -The Bank of Nova Scotia (French: Banque de Nouvelle-Écosse), operating as Scotiabank (French: Banque Scotia), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario.

Detailed explanation-2: -Scotiabank is a leading multinational financial services provider and Canada’s most international bank. We provide innovative financial products and services to individuals, businesses, corporations, and governments across Turks and Caicos and around the world.

Detailed explanation-3: -Big Five is the name colloquially given to the five largest banks that dominate the banking industry of Canada: Bank of Montreal (BMO), Bank of Nova Scotia (Scotiabank), Canadian Imperial Bank of Commerce (CIBC), Royal Bank of Canada (RBC), and Toronto-Dominion Bank (TD).

Detailed explanation-4: -The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates in four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets.

Detailed explanation-5: -The Bank of Nova Scotia (Scotiabank) is a provider of personal and commercial, and private banking; wealth management; investment banking; and capital markets solutions to individuals, corporates, and SME clients.