ScotiaBank has no designs on merged banks' assets

Article Abstract:

Bank of Nova Scotia chairman Peter Godsoe said his bank has little interest in buying any of the assets that may be sold by its merging competitors. Godsoe expects the proposed mergers between Canadian Imperial Bank of Commerce and Toronto-Dominion Bank and Royal Bank and Bank of Montreal to encounter problems with the federal Competition Bureau. But if the bureau orders those banks to sell some assets, Godsoe said his bank would not be a likely buyer because customer loyalty in the industry is high. The bureau is expected to release its report on the proposed mergers in November 1998.

Comment:

Chairman Peter Godsoe said his bank has little interest in buying any of the assets that may be sold by its merging competitors

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Godsoe seeks foreign allies; Scotiabank boss is odd man out with stand against domestic mergers

Article Abstract:

Bank of Nova Scotia Chairman Peter Godsoe said the bank is unfazed being left out in the consolidation, that is sweeping the four biggest banks in Canada. He said the bank, which is scouting for ventures in other countries, will have to be more flexible. Godsoe said the Bank of Nova Scotia will seek ventures oversea after the mergers of Canada and Bank of Montreal, and of Canadian Imperial Bank of Commerce and Toronto-Dominion Bank. He held on to the belief that the Bank of Nova Scotia is large enough, that it could not be driven out of business.

Comment:

Chairman Peter Godsoe said the bank is unfazed being left out in the consolidation, that is sweeping the four biggest banks in C

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Scotiabank hires lobbyist

Article Abstract:

Bank of Nova Scotia appointed lobbyist Barry Campbell to "deliver" the company's anti-bank merger message. Bank of Nova Scotia spokeswoman Diane Flanagan commented Campbell provides the company strategic advice regarding matters that are connected with the upcoming MacKay task force report, adding Campbell also helps Bank of Nova Scotia on providing ongoing information to the government on issued that are connected with the financial services industry. Campbell previously worked with Finance Minister Paul Martin as parliamentary secretary.

Comment:

Hires lobbyist Barry Campbell to "deliver" the co's anti-bank merger message

Public affairs

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