Scotiabank reports stable Mexico operations after cartel leader death
Scotiabank confirmed today that Mexican operations remain stable after recent unrest. All branches are open and no financial impact is expected for the bank.
Insights:
The Bank of Nova Scotia , also known as Scotiabank (Bank of Nova Scotia), reported today that its Scotiabank Mexico operations were stable, branches were open, and it had seen no impact on financial performance following the killing of cartel leader Nemesio Oseguera (El Mencho) in a military raid. The institution noted that unrest followed immediately after the killing and reported that operational conditions changed between yesterday and the morning of its statement.
