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Laurentian Bank of Canada, which has been working on a turnaround under a new chief executive officer since late 2020, has started a strategic review that may lead to a sale.
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MxWarp lemmy.ca mxwarp@lemmy.ca
Joined: 2023-07-07
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The review is intended to “maximize shareholder and stakeholder value,” the bank said in a statement. It has hired JPMorgan Chase & Co. to approach potential buyers, the Globe and Mail reported Tuesday. The process started after a rival bank made a bid for the lender, the newspaper reported, citing people it didn’t name.

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