Canadian bank BNS.US will close its investment banking operations in Hong Kong and Australia.

date
15/08/2025
According to the financial app "Wisdom Financial News", it has been informed by sources that Canadian Bank of Nova Scotia (BNS.US) has carried out a series of layoffs in its investment banking departments in the United States and Asia Pacific, and will be closing its small investment banking operations in Hong Kong and Australia. It is reported that the positions cut by the Bank of Nova Scotia this month include several managing directors, and a significant reduction in the healthcare team in the United States.