6 h. ago Laurentian Bank bowing out of retail banking from stiff competition: CEO

The head of Laurentian Bank of Canada says the country’s retail banking industry had become too competitive for it to try and go it alone. The bank announced Tuesday it was splitting itself up with plans to effectively give its retail and small and medium business segments to National Bank, and sell its commercial operations […]

Other

61 h. ago Laurentian Bank failed to keep up with the times, analysts say

According to its 2022 annual report, it had one of the worst efficiency ratios — a measure of its ability to control overhead expenses — of any bank in Canada.

Other

3 d. ago What Laurentian Bank customers can expect amid sale to National Bank

Laurentian Bank’s retail customers are poised to move to National Bank, the latest in a wave of consolidation in the banking industry. In a split-sale agreement, National Bank will take over Laurentian’s retail loans and deposits as well as the small business segment while Fairstone Bank of Canada acquires the commercial operations. While the length […]

Society

3 d. ago Laurentian Bank announces split sale to Fairstone Bank and National Bank

MONTREAL —Laurentian Bank is being split up and sold, its commercial operations going to Fairstone Bank of Canada in a $1.9 billion deal while National Bank is buying the retail and small business segment for roughly book value. The deal is the culmination of years of struggles at the more than 175-year-old bank to turn […]

Society

3 d. ago Fairstone Bank to buy Laurentian Bank of Canada for $1.9 billion

National Bank to acquire Quebec bank's retail and small business portfolios

Economics

7 d. ago Singapore AI teddy is back on sale after recall over sex chat scare

Researchers found 'Kumma' was ready to engage in sexually explicit conversations and offer instructions on where to find knives

Transport