Scotiabank
Canadian multinational bank headquartered in Toronto / From Wikipedia, the free encyclopedia
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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. One of Canada's Big Five banks, it is the third-largest Canadian bank by deposits and market capitalization. In 2023, the company’s seat in Forbes Global 2000 was 88.[3] It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With more than 92,001 employees and assets of Can$1,136 billion (according to 2020 annual report), Scotiabank trades on the Toronto (TSX: BNS) and New York (NYSE: BNS) exchanges. The Scotiabank swift code is NOSCCATT and the institution number is 002.[4]
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Scotia Plaza in Toronto | |
Scotiabank | |
Company type | Public |
TSX: BNS NYSE: BNS S&P/TSX 60 component | |
ISIN | CA0641491075 ![]() |
Industry | |
Founded | March 30, 1832; 192 years ago (1832-03-30) Halifax, Nova Scotia |
Headquarters | Scotiabank North, 40 Temperance Street, Toronto, Ontario, Canada[1] |
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Revenue | ![]() |
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AUM | ![]() |
Total assets | ![]() |
Total equity | ![]() |
Number of employees | 89,488 (2023)[2] |
Subsidiaries | Tangerine Bank |
Website | www![]() |
![](http://upload.wikimedia.org/wikipedia/commons/thumb/a/a9/Banque_Scotia_%28logo%2C_2019%29.svg/250px-Banque_Scotia_%28logo%2C_2019%29.svg.png)
Scotiabank was founded in 1832 in Halifax, Nova Scotia, where it was headquartered until relocating to Toronto in 1900.[5] Scotiabank has billed itself as "Canada's most international bank" due to its acquisitions primarily in Latin America and the Caribbean, and also in Europe and parts of Asia. Scotiabank is a member of the London Bullion Market Association and one of fifteen accredited institutions which participate in the London gold fixing.[6] From 1997 to 2019, this was conducted through its precious metals division ScotiaMocatta.[7]
Scotiabank's president and CEO Brian J. Porter[8] announced his retirement to be effective January 31, 2023, and Scott Thompson was named as his replacement.[9]