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Scotiabank could buy HSBC Mexico, says analyst

Wednesday, April 8, 2015

Bank of Nova Scotia, Canada’s third-largest lender, could be a potential buyer if HSBC sells its Mexico operations, according to Gabriel Dechaine, a Canaccord Genuity Group analyst.

“Despite challenges associated with this business, we believe BNS would be an interested bidder,” Dechaine said Tuesday in a note to clients, referring to Scotiabank by its ticker symbol.

Source: Bloomberg