[WhipperSnapper]

Originally Posted by Berklon

Yep, they took a big one on the chin with their poor investments in the US. That's what led to their decline. I know - I used to work for them.
However, they're still a very profitable company.



You can say that about any company in many situations. Companies often spend a lot of money just to give their clients the optics of being successful - like building a new high-tech and opulent office. Or when companies making bad investments that cut into their profits. Job cuts often happen as a result.

If Scotiabank didn't spend the 800 million on this, they would've spend it elsewhere... whether it's a better or worse investment... and it probably would also result in layoffs.

Of course however, that's not on subject.