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Friday, November 29, 2013

Chile's CorpBanca says studying possible merger, (NYSE: BNS)

Chilean private bank CorpBanca said on Friday that it is studying a possible merger with a local or foreign bank. Local online news site El Mostrador said on Thursday that CorpBanca's controller is in talks with Brazilian bank Itau Unibanco, Chile's BCI, Canada's Bank of Nova Scotia (Scotiabank) and Spain's BBVA.

The Bank of Nova Scotia (the Bank) is a diversified financial institution. Shares of BNS fell by 0.26% or $-0.16/share to $61.57. In the past year, the shares have traded as low as $52.05 and as high as $63.50. On average, 389926 shares of BNS exchange hands on a given day and today's volume is recorded at 219129.