Finance
Scotiabank Lays Off Investment Bankers in US, Asia Pacific
Scotiabank has prioritized capital deployment to its businesses in Canada, the US and Mexico while re-evaluating international operations.
Photographer: Kamara Morozuk/BloombergBank of Nova Scotia has carried out a series of layoffs in its US and Asia Pacific investment-banking divisions, according to people with knowledge of the matter.
The Canadian lender cut a number of jobs this month, including multiple managing directors, and made major cuts to the US health-care team, said the people, who asked to not be identified discussing private information.