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Global Finance Magazine has acknowledged Scotiabank in two categories for 2012,allowing them to be recognized as number 1 in the respective award categories.
Scotiabank has been recognized as the leading foreign exchange provider in Canada,Jamaica and Peru for 2012. Scotia Capital has been names Canada’s best foreign exchange provider for the eighth year in a row,while Scotiabank Jamaica has been the top foreign exchange provider for the four years and Scotiabank Peru has been the top foreign exchange provider for five years.
The second accolade,is that Scotiabank has been named “Best Trade Finance Bank” in Canada,for the fifth year in a row.
Both awards are great,and Scotiabank has done well to maintain these awards for so long,especially in the turbulent economy we have seen the past few years.
What helped Scotiabank to be named the No. 1 Foreign Exchange Provider?
For Scotiabank to be named the No. 1 Foreign Exchange Provider in Canada,Jamaica,and Peru,then they would have to do well in the following criteria:
- Transaction volumes
- Market shares
- Scope of global coverage
- Customer service
- Competitive pricing
- Innovative technologies
What is more important about this is particular award is the fact that it is something that has been awarded for several years. It goes to show that even as time goes on,Scotiabank adjusts and provides the same level of service,showing their level of commitment to providing their clients with superior service and market intelligence in both Canada and internationally.
What helped Scotiabank become the Best Trade Finance Bank?
The award of being name the “Best Trade Finance Bank” in Canada,highlights Scotiabank’s ongoing commitment to high quality,innovative offerings and services that meet their clients needs.
Scotiabank offers its services in more than 55 countries,where they provide financial solutions that include supply chain financing,electronic banking and payments and trade finance,which help both their domestic and international clients.
The World's Largest Banks Are Now Trapped
By Gary North
The subprime mortgage crisis constitutes the worst banking error in my lifetime. Nothing else comes close.
It has visibly begun to unravel. The European Central Bank on Tuesday, December 18, opened a line of credit of $500 billion to commercial banks.
The Federal Reserve System under Greenspan was the prime instigator. It forced down short-term interest rates by supplying the overnight bank-to-bank loan market with sufficient liquidity to drop the rate to 1%. This encouraged banks to make loans at low rates.
These loans were short-term loans
Banks Financing Mexico Gangs Admitted
In Wells Fargo Deal
Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo them away, saying there was a dangerous oil leak. So the troops grew suspicious and searched the jet.
They found 128 black suitcases, packed with 5.7 tons of cocaine, valued at $100 million. The stash was supposed to have been delivered from Caracas to drug traffickers in Toluca, near Mexico City, Mexican prosecutors later found
I'm beginning to think that we have been lied to
We have been brainwashed into thinking Politicians are protecting the American people. They're really protecting the interests of the largest corporations, and the wealthiest individuals in this country. That's right, We are dying for them. Big Oil (keep that foreign crude flowing, morons - we're almost done constructing the Trans-Afghani Pipeline. Too bad another 8 soldiers will be blown to pieces today)! Big banks - who promote war, as they finance the death and destruction! And let's not forget the Military-Industrial Complex - remember, Eisenhower warned us about these bastards!
The last time I looked, no one from al Qaeda is looking to do me any damage
Yuan begins trading against the rouble
SHANGHAI - China started allowing the yuan to trade against the Russian rouble in the interbank market from Monday as policymakers promote the currency's use in global trade and finance.
The move will help "facilitate bilateral trade between China and Russia and help develop yuan trade settlements," according to a statement published on the website of the China Foreign Exchange Trade System (CFETS), a subsidiary of the People's Bank of China.
The central bank calculates the daily reference rate by taking an average of quotes from commercial banks designated to act as market makers, the statement said