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Laurentian Bank of Canada T.LB.PR.H


Primary Symbol: T.LB Alternate Symbol(s):  LRCDF | LAUCF

Financial Services
Laurentian Bank of Canada (the Bank) is a Canada-based provider of financial services to its personal, commercial and institutional customers. The Bank operates in Canada and the United States. Its segments include Personal Banking, Commercial Banking and Capital Markets. The Personal Banking segment caters to the financial needs of retail clients. The Commercial Banking segment caters to the financial needs of business clients across Canada and in the United States and provides commercial banking, real estate financing, and equipment and inventory financing. The Capital Markets segment provides a range of services, including research, market analysis and advisory services, corporate underwriting for debt and equity, and administrative services. The Bank's clients can access its offering of financial advice, products and services through a network of branches in Quebec. The Bank offers a digital direct-to-customer platform to all Canadians. The Bank has approximately 57 branches.


TSX:LB - Post by User

Laurentian Bank of Canada > Have Been RESTRUCTURING for Decades
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Comment by rad10on Jun 01, 2024 7:43am
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Post# 36067387

RE:RE:RE:RE:RE:Have Been RESTRUCTURING for Decades

RE:RE:RE:RE:RE:Have Been RESTRUCTURING for Decades

Northforce13 wrote:

"I've thought this for a while now.  This was the gossip in the Montreal business community, but nobody pulling the trigger."

People did pull the trigger.  The board spent 15 million blocking, disuading and discouraging offers so they could keep their jobs.  The start of the strategic review process was due to an offer placed for the bank.  Share holders never got to see what that offer was.  
 

 


 

true - but there has been a house cleaning since.  The "ultra progressive" former CEO is showing her true colours with severence demands.   Self serving indeed.
 

This sad chapter will soon be history.

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