TSX:BPO.PR.A - Post by User
Comment by
pierrelebelon Jun 13, 2024 11:34am
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Post# 36087176
RE:RE:RE:RE:RE:RE:RE:I own a lot of one bank...
RE:RE:RE:RE:RE:RE:RE:I own a lot of one bank...
Good morning SONOFFERGUS
Regarding CWB/NA deal you wrote "why the discount is so big -- it's a little concerning. Maybe there is something to the idea that politics could get in the way."
Since banks are governed by the federal government there is nothing Smith can do about it but scream and complain.
My concern, if I had one, would be about people in Western Canada with about 33 billion dollars in deposits with CWB (that number has been steady, quarter after quarter). Will they resent having their money at National Bank (a Quebec institution), pull it and put it in other Canadian bank?
While this may not derail the deal, it could make it less profitable and affect the share prices of both CWB and NA prior to closing, later this year.