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Laurentian Bank of Canada T.LB

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

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

Comment by wkrpradioon Jul 29, 2023 3:00pm
81 Views
Post# 35563305

RE:RE:One other thing to think about....

RE:RE:One other thing to think about....
Northforce13 wrote: She can't turn it around, no one can.  LB is unionized to the hilt.  It's like terminal cancer.  LB can't compete with the non unionized banks, as can be seen by their ROE having lagged peers for decades.  

A suitor would have to find a way to get rid of the union, highly not possible, or to gradually transition away from the unionized entity by integrating LB operations into their own.  Union will fight every step of the way.

If an offer is tabled, the union might try to get a look at it and decide to try to scutle it, if they get the feeling the offerer plans to try to marginalize the union... which any sane offerer must seek to do.

GLTA

More disinformation . The union is gone . Do some homework before you spread lyour bs.
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