Reuters exclusively reports Scotiabank to close its metals business

Reuters exclusively reported that Bank of Nova Scotia (Scotiabank) told staff this week that it would close its metals business, drawing the curtain on one of the most venerable names in precious metals trading. Scotia was for years the world’s biggest lender to the physical precious metals industry, but the bank sharply downsized the business in 2018 after a strategic review and an unsuccessful attempt to find a buyer.