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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.


TSX:LB - Post by User

Laurentian Bank of Canada
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Comment by whodathunkiton Aug 20, 2018 3:27pm
65 Views
Post# 28488453

RE:RE:RE:Horrible Horrible Company

RE:RE:RE:Horrible Horrible Company
Todayonly wrote: Agreed, solid operation until the bank started to use subprime borrowers as a way to attract more customers nationally.   What type of “major bank”  doesn’t even have an app for its customers or online banking. 


So what do you call LBCDirect Online and LBCDirect Mobile?

Regarding subprime borrowers.  I'm not aware of any.  All I recall reading about is non-prime borrowers.  May be semantics but with non-prime mortgages (which came about because of the subprime) the rules are tighter.

So far the documentation issues have all been much ado about nothing.  We will tell in a couple of weeks how it has impacted the bottom line but the bank has stated that the loans are all performing.  I'm guessing probably the impact is not much if anything at all.

Cheers.

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