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 > Severance

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Post by carlocarlion Jul 15, 2023 9:54am

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Post# 35542480

Severance

This article, wcha appeared in the July 15 edition of the newspaper "La Presse", details the severance payments to which LB's top executives will be entitled if they lose their job as a result of a sale. Alltoghether, they will collect close to 13 million dollars.
https://www.lapresse.ca/affaires/entreprises/2023-07-15/mise-en-vente-de-la-banque-laurentienne/les-patrons-ne-partiront-pas-les-mains-vides.php .
The article also reminds us that a takeover is not certain. All that is known so far is that the bank has put itself up for sale.

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