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Canada's Scotiabank ex-CEO Ritchie dies at 88

Published 2016-03-21, 07:15 p/m
© Reuters.  Canada's Scotiabank ex-CEO Ritchie dies at 88
BNS
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March 21 (Reuters) - Bank of Nova Scotia BNS.TO , Canada's
third-largest bank, said its former chief executive Cedric
Ritchie, aged 88, died on Monday.
Ritchie, who was a director at the bank, was the chief
executive and chairman of Scotiabank from 1974 to 1995.
Scotiabank, in first week of March, said that it has set
aside more funds to cover bad loans in the oil and gas sector
and warned of worse to come as the slump in crude prices hurts
its energy clients.

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