Scotiabank Appoints European Banking Veteran to Board

MT newswire2026/09/01 15:46

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11:46 AM EDT, 09/01/2026 (MT Newswires) -- Scotiabank (BNS.TO) appointed European banking veteran Ralph Hamers to its board, effective immediately, the bank said on Tuesday. Hamers was group chief executive officer of UBS Group from 2020 to 2023 and chief executive officer of ING Group from 2013 to 2020, a statement said. "[Hamers'] expertise in digital transformation and innovation, and his global banking perspective, will be invaluable as the board continues to support the bank's strategy to deliver more value for clients and shareholders," said board chair Aaron Regent. Scotiabank shares were last seen up C$0.39, to C$127.26, on the Toronto Stock Exchange. Price: 127.25, Change: +0.38, Percent Change: +0.30

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According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.

华尔街见闻•2026/09/26 11:36