Bank Profit Up, Loan Pressure Looms
This is a news story, published by Global News, that relates primarily to Scott Thomson news.
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ScotiabankGlobal News
•Scotiabank boosts Q4 profits with less money set aside for bad loans - National | Globalnews.ca
82% Informative
Scotiabank says it expects to see continued loan pressure and political uncertainty in the months ahead .
The bank kicked off a week of bank earnings Tuesday as it reported a fourth-quarter profit of $1.69 billion .
Profits were hit by taxes and a writedown of its holding in a Chinese bank, said chief executive Scott Thomson .
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