31 Facts About Scotiabank


Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario.

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Scotiabank was founded in 1832 in Halifax, Nova Scotia, where it was headquartered until relocating to Toronto in 1900.

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Scotiabank has billed itself as "Canada's most international bank" due to its acquisitions primarily in Latin America and the Caribbean, and in Europe and parts of Asia.

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Scotiabank is a member of the London Bullion Market Association and one of fifteen accredited institutions which participate in the London gold fixing.

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Scotiabank was founded in Halifax, Nova Scotia, in 1832 under the name of The Bank of Nova Scotia.

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In 1986, Scotiabank created Scotia Securities to provide discount brokerage and security underwriting services.

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In 2000, Scotiabank increased its stake in Mexican bank Grupo Financiero Inverlat to 55 percent.

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Scotiabank later acquired Inverlat banking house in 2003, taking over all of its branches and establishing a strong presence in the country.

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In 2002, Scotiabank shut its branches in Argentina during the currency crisis and massive sovereign default.

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Scotiabank has been forced to implement this system in order to comply with FATCA.

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Scotiabank was a President of Scotiabank from 1972, and CEO and Chairman from 1974 to 1995.

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In 2018, Scotiabank acquired Montreal investment firm Jarislowsky Fraser, in 2018 Scotiabank completed the acquisition of a 68.

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In 2019, Scotiabank underwent a rebranding, modifying its wordmark logo and introducing a new corporate font based on its design, downplaying the company's S and globe monogram, and increasing use of the abbreviated name "Scotia".

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Scotiabank operates branches in all Canadian provinces and territories, except for Nunavut.

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Scotiabank is the title sponsor for a number of sports events including the Calgary Marathon, the CONCACAF Champions League tournament, and the Jewish National Fund's "Pitch for Israel" event.

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Scotiabank is the title sponsor for running events that form a part of the Canada Running Series.

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Scotiabank was a primary sponsor for Champion Boxer Miguel Cotto during his 2009 bout with Manny Pacquiao.

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In 2010, Scotiabank was a sponsor of the World Rally Championship's Corona Rally Mexico.

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Since 2008, Scotiabank has been the official team sponsor of Canadian Cricket Team and the title sponsor of National T20 Championship in Canada.

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Scotiabank is the official bank of the West Indies Cricket Team.

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Scotiabank is the official bank of the National Hockey League and National Hockey League Players' Association.

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From 2006 through 2013, Scotiabank held the naming rights to the arena of the Ottawa Senators, branding it Scotiabank Place.

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Scotiabank has been a title sponsor for a number of cultural events and institutions in Canada.

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From 2006 to 2015, Scotiabank was the title sponsor for the Nuit Blanche event in Toronto.

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In 2008, Scotiabank announced a two-year sponsorship of Toronto's Caribana which would be rebranded as Scotiabank Caribbean Carnival Toronto.

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In 2016 Scotiabank held its first hackathon with the goal of solving Canadian debt.

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Scotiabank has established an industry partnership with the University of Waterloo Stratford Campus.

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Scotiabank terminated the other 16 employees, but did not prosecute them.

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At the time, as part of a 20 per cent direct drive deal, he was making more than double the CEO's salary and Scotiabank management had already taken steps to limit his compensation.

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Documents delivered to the media showing that Scotiabank management had sought advice on terminating Berry prior to the Investment Industry Regulatory Organization of Canada violation accusation, and the results of questioning during the IIROC inquiries strongly suggest that the securities charges were part of a plan by Scotiabank senior management to remove Berry from his position and simultaneously prevent him from becoming their competitor.

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Scotiabank is a member of the Canadian Bankers Association and registered member with the Canada Deposit Insurance Corporation, a federal agency insuring deposits at all of Canada's chartered banks.

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