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MercoPress, en Español

Montevideo, November 5th 2024 - 11:03 UTC

Tag: Brian Porter

  • Monday, November 10th 2014 - 08:49 UTC

    Scotiabank plans to shut 120 branches in Mexico and the Caribbean

    “In some of these (Caribbean) countries, we are just over-branched and we have to size it to the realities of these economies,” said Scotiabank CEO Brian Porter.

    Canada’s Scotiabank has announced plans to shut or shrink 120 branches, largely in Mexico and the Caribbean, in a bid to save CAN$120 million (One Canadian dollar =US$0.87 cents) annually. The bank said it would close down 35 of its 200 branches in the Caribbean and would sever 1, 500 full-time employees, including 500 from its international operations.