Close Menu
    CEO der Scotiabank sieht „Trump-Doktrin“ als positiv für das Wachstum
    Kanada

    CEO der Scotiabank sieht „Trump-Doktrin“ als positiv für das Wachstum

    Share.
    View 46 Comments

    46 Kommentare

    5. Particular-Bug-7442 on

      Bankers loyal to centre of global financial capitalism, news at 11.

    7. MiriMidd on

      A banker supporting an amoral narcissist who is only interested in expanding the the wealth of his cronies and himself? I’m shocked I tell you.

    8. DrKurgan on

      CEO wants to follow the US imperialist expansion in South America and eat the carcasses. He might not like it when the US decides to try going north again. The economy likes stability and certainty and Trump brings the opposite.

    11. JFKRFKSRVLBJ on

      Their estates department number(the only department that could actually deal with my dead father’s estate, apparently) was just a robot voice that said “goodbye” to my brother and hung up on him.

      I was already staying away. There’s a million other banks I can get a savings account with .005% (non-promo) interest at.

      TLDR: They have zero competitive advantages as a bank. They’d be wise not to piss people off.

    13. ThisAd7070 on

      Wrong side of history, and wrong era to side with Donnie, even a bank can get cancelled !

    14. assshark on

      Even if true, why on earth would the CEO of a major Canadian bank choose to say this out loud?

    16. Lust4Me on

      [Canada’s Scotiabank CEO 2024 pay rises by 27% after strong year](https://www.reuters.com/business/finance/canadas-scotiabank-ceo-pay-rises-by-27-after-strong-year-2025-03-07/), to C$9.76 million.

      CEO Thomson’s salary target for **2025 will be C$11.5 million**, Scotiabank said, nearly 21% higher than his target salary in 2024.

      So in 2025, this douche earned 240x the median Canadian salary, or something like a single day’s work assuming weekends off but no holiday.

    18. VincentClement1 on

      Friendly reminder that wealthy people and corporations don’t give one shit about you. Next.

    21. OhMamaWembanyana on

      This fucker doesn’t care that there will no longer be a Scotiabank anymore once Canada is next on the list of western hemisphere expansion. He would have moved on with his millions in bonuses by then.

      I am sure most bank CEOs are wet at the thought of making money off south american expansion but at least they don’t say it out loud and gas light Canadians.

    22. hkric41six on

      What an asshole. I dumped all my shares for a nice profit a few weeks ago, won’t be going back thats’s for sure.

    23. Fit_Equivalent3610 on

      I do not see what is controversial about the actual comments cited in the article. Are people just reading the headline?

      He predicted that Venezuela will probably see more growth now that Maduro is gone. No shit. Maduro policies resulted in a complete economic collapse and millions of refugees flooding other South American countries. “Yeah it’ll probably go up from rock bottom” isn’t that crazy of a prediction.

      He also predicted that an apparent shift to centre-right and right wing governments in Latin America will probably drive higher growth rates than the centre-left and radical left governments did. That seems pretty plausible based on historical precedents, particularly in South America.

      And then he ended that with a statement that he views the Trump Doctrine (ie the Trumpist revival of the Monroe Doctrine) as favourable for western economic interests. The article doesn’t provide any context or explanation, but it seems self evident that if all international competition is forced out of the region, someone in a western company will benefit. There isn’t anyone else positioned or capable of taking up the slack.

      He didn’t say “this is a morally good thing” or “I like Trump” or whatever. It’s all economic prediction.

    24. hardy_83 on

      I’m sure the German banks in the late 20s thought Hilters party was great for growth too.

    26. The_Idiocratic_Party on

      Yeah, well, cancer’s positive for growth too but in the end it’s a net loss.

    27. The_Idiocratic_Party on

      I will say this with my full throat: *fascism and corporations* have a symbiotic relationship. Fascists take more and more control of corporations, while rewarding their compliance with opportunities and punishing non-compliance with regulatory scrutiny. They will play favourites with the corporations that play ball and they will grind away the ones that don’t. This is why so many people in Nazi Germany and Fascist Italy were complicit — they were unwilling to suffer discomfort for a good cause, or unwilling to deny themselves a fat payday at the expense of their morals, indeed their very souls.

    30. portstrix on

      As of 2 pm ET today, Scotiabank stock is up 1.21% today, the best performing of the Big 5 Canadian banks.

      It appears that once again, Reddit users‘ opinions are irrelevant and doesn’t reflect either reality or anything of importance.

    31. Dazzling-Account-187 on

      Bye Scotia bank, there are other financial institutions that will do better.

    32. Agent_Zodiac on

      Well, I was thinking of moving accounts to a credit union. Thanks for giving me the final push to do so.

    34. mattcass on

      Dear CEO Scott Thomson there is now a 0% chance I will be renewing my mortgage with Scotiabank. If asked why by an advisor, I will cite your support of the Trump Doctrine.

    35. TheMasterofDank on

      „Shitscum who benefits from chaos and shitty situations is happy fellow shitscum made a shitty situation.“

      These oligarchs are the same as their counterparts in the states, they conduct their criminal business on the backs of our people, and since they got insider knowledge for trading, they’ll never feel the sting of a failing economy, cause they know how to get fat off the leaky boat while we all sink.

    36. Saisinko on

      No one screws Canadians harder than the big Canadian businesses.

      – TD/RBC/Scotia/Bank of Montreal/CIBC
      – Bell/Telus/Rogers
      – Loblaws
      – Air Canada / Westjet
      – Valeant (Pharma)

    37. goergesucks on

      Bankers and capitalists were also quick to fall in line behind Hitler.

      We spent the past 80 years following what these people said was best for the country and economy. Will we continue to blindly follow them right into fascism?

    39. ObjectBrilliant7592 on

      Kind of shortsighted on the CEO’s part, because Trump could just as easily use American influence over Canada to damage his business as much as he’s helping it.

      That said, the new tripolar world order will hopefully spur concessions to the average person from the ruling class in the west, and we’ll cease wasting money we don’t have on vanity projects overseas.

    41. oceanhomesteader on

      I hope this turns into a Campbell’s Soup moment and he’s shown the door after customer backlash

    43. the_caped_canuck on

      I am glad I didn’t get my mortgage thru Scotiabank, might even close my accounts because of this

    Leave A Reply