Globalization and Scotiabank Analytical Essay by Top Papers

The paper relates that Scotiabank, formally known as the Bank of Nova Scotia, is one of the leading banks in Canada and was ranked first in 2000 to 2004 by the Boston Consulting Group Value study in the large-cap category of financial institutions, based on their risk-adjusted total shareholder returns. The paper further relates that this organization is noted as one of the leading financial institutions in North America and serves customers from around the world, which means that globalization has certainly affected its business in terms of the reach of the bank. The paper discusses how this trend in the business has also affected employment requirements and the training regime followed by the company, as is noted in a study by IFC Canada.