Scotiabank set to lose millions after collapse of US miner

Scotiabank set to lose millions after collapse of US miner

Scotiabank set to lose millions after collapse of US miner The collapse of US mining firm Allied Nevada could cost the Bank of Nova Scotia tens of millions of dollars. The Globe and Mail reports that the miner filed for creditor protection two weeks ago. That could mean that the swap agreement signed with the firm in 2012 leaves the lender exposed to the tune of around $73 million. With fluctuations in exchange rates and other conditions the amount could be more. Read the full story.