Scotiabank's Earnings Fall Short as it Takes Charge on Chinese Bank Investment

Key TakeawaysThe Bank of Nova Scotia posted fourth-quarter earnings below what analysts had expected Tuesday morning.The bank's profits fell short of estimates as it recorded higher costs and took an impairment charge over its investment in a Chinese bank.Scotiabank has shifted focus to its North American operations and cut costs in its international business in recent quarters. The Bank of Nova Scotia (BNS) reported fourth-quarter earnings that narrowly missed analyst estimates on Tuesday. The bank, which ...