Scotiabank CEO sees higher loan losses, but can pay dividends
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TORONTO (Reuters) - Bank of Nova Scotia expects "somewhat elevated" loan losses over the next three to four quarters due to the coronavirus outbreak, but will maintain dividends with its ample capital, its chief executive told shareholders on Tuesday. The bank has three times as much common equity tier 1 capital as it did during the financial crisis, and has "lots of capital to absorb more losses," CEO Brian Porter said at the lender's online annual general meeting."We're certainly committed to..