Scotiabank profit falls as bank sets aside almost $1.3B to cover bad loans
The Bank of Nova Scotia said its profit slumped in the fourth quarter for a variety of reasons, but a major one was a more than doubling in the amount of money the bank sets aside to potentially write off loans that are in danger of not being paid back.
The Bank of Nova Scotia said its profit slumped in the fourth quarter for a variety of reasons, but a major one was a more than doubling in the amount of money the bank sets aside to potentially write off loans that are in danger of not being paid back.
