Bank of Nova Scotia



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Bank of Nova Scotia’s plan to sell assets in Caribbean facing scrutiny from local watchdog

Bank of Nova Scotia’s plan to sell some of its Caribbean assets is facing scrutiny from a local watchdog that has flagged what it says are potential “anticompetitive effects.”Scotiabank announced late last November that it had struck a deal to sell banking operations in nine “non-core” Caribbean markets to Trinidad and Tobago-based Republic Financial Holdings…


Onex deal for Gluskin Sheff shows high-net-worth clients still in high demand

Onex deal for Gluskin Sheff shows high-net-worth clients still in high demand

Another major deal in Canada’s wealth-management world is highlighting the potential value of cross-selling to high-net-worth clients, a segment that remains sought-after in the face of disruption brought on by low-fee investing products.On Friday, Toronto-based private-equity firm Onex Corp. announced it was making a $445-million bid to buy Canadian wealth-manager Gluskin Sheff + Associates Inc.,…