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Canada's Nova Scotia Bank Adds To Reserves To Cover Possible Losses On Third World Loans

ISSN:1060-4189
LADB Article ID: 071699
Category/Department: General
Date: Thursday, November 16, 1989
By: John Neagle

On Nov. 15, Canada's Nova Scotia Bank increased its reserves by $650 million to cover possible non-performing loans to Third World nations. Nova Scotia was the fifth big bank to increase reserves in recent weeks. The other four were Canadian Imp...

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