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Scotiabank plans to cut 5% of branches over next two years in digital shift

02 Feb 2017 12:59 | Manjot Cheema (Administrator)

Bank of Nova Scotia (BNS.TO 0.03%) said on Thursday that the introduction of new digital technologies would enable the bank to lower its operating costs and increase profits.

Scotiabank is investing in new digital technologies in response to customers transacting far less in branches and using mobile banking apps much more. The bank has said it plans to cut 5 per cent of branches in the next two years Read More

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