Laurentian Bank of Canada T.LB

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

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.

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Laurentian Bank of Canada > Conflict between Laurentian and National

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Post by carlocarlion Jun 05, 2021 9:54am

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Post# 33335782

Conflict between Laurentian and National

This article appeared in "La Presse" on June 5, 2021. Laurentian alleges that National enticed seven key emplyees from one of Laurentian branches. All of these employees operated in the investment sector. https://www.lapresse.ca/affaires/2021-06-05/courtage-en-valeurs-mobilieres/bisbille-entre-la-laurentienne-et-la-nationale.php

There are two ways to look at this. One is that Laurentian is vulnerable to raids from its competitors. The other is that Laurentian has something that its competitors find worthwhile. Now that Laurentian's emplyees are no longer represented by a union, LB is a conceivable target of a takeover. If Its competitors want what Laurention possesses, they may be tempted to make a bid for it.

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