: Following years of regulatory scrutiny, including U.S. investigations into trading practices and price manipulation lawsuits, Scotiabank shuttered the division in April 2020.
As of , the landscape for Scotiabank and gold has shifted significantly: Scotiabank to Close its Metals Business - GoldBroker.com scotia mocatta buy gold
: At its peak, ScotiaMocatta was one of the world's top three precious metals traders and the first non-British bank to chair the London Gold Fixing . : Following years of regulatory scrutiny, including U
For over two decades, was the dominant name in the global precious metals market, functioning as the bullion division of Scotiabank. However, after a complete shutdown of its metals business in 2020, recent reports indicate that Scotiabank is currently recruiting staff to revive its metals trading operations as of late 2025 . The Rise and Fall of ScotiaMocatta For over two decades, was the dominant name
The Evolution of ScotiaMocatta: From Global Gold Leader to Market Revival
: Scotiabank entered the high-tier bullion market in 1997 by acquiring Mocatta Bullion and Base Metals , a firm with a legacy dating back to 1684.
: The bank stopped selling physical gold and silver to retail investors, making it impossible to buy Scotiabank-branded gold bars directly from the institution. Current Status: A Strategic Comeback