Strong fixed-income trading revenues were a boon to Bank of Nova Scotia during fiscal 2016.
Scotiabank, which reported earnings Tuesday, posted revenue from interest rate and credit trading that surged to $613-million in the 12 months ended Oct. 31. That compared to the $400-million it generated in 2015.
Canada's third-largest bank by assets finished 2016 on a high note, recording fixed-income trading revenue of $186-million in its fourth quarter, up from $121-million during the same period last year. Story
DAILY DEALS
In Beijing decision-makers are worried about the enormous sums of money leaving the country in cash, investments and overseas acquisitions. The yuan has skidded nearly 6 per cent this year. Story
Tech giant Samsung Electronics Co Ltd., under pressure from shareholders to improve investor returns, said on Tuesday it will consider creating a holding company in what would be the biggest shake-up in its 47-year history. Story
IN CASE YOU MISSED IT
Tim Kiladze on the grim future for advisers – and company financings. Story
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