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Scotiabank Plans to Focus on North America in Strategy Makeover - Bloomberg

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Bank of Nova Scotia plans to go after a larger share of customers’ wallets as it refocuses its business on North America, shifting capital away from operations in Latin America that have delivered poor returns.

Scotiabank has established a new transformation office to deliver on strategic priorities that include better productivity and moving away from a volume-based approach to customer acquisition in favor of one aimed squarely at profit, Chief Executive Officer Scott Thomson said during an investor day Wednesday.

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Scotiabank Plans to Focus on North America in Strategy Makeover - Bloomberg
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