The charge was related to the restructuring of the bank's operations and the impairment of its personal and commercial banking segment, Laurentian said...
- Laurentian Bank of Canada said on Friday it had recorded impairment and restructuring charges of C$196.8 million in the second quarter.
The bank also booked severance charges of C$2.9 million in the second quarter in relation to its organizational changes. Laurentian Bank posted a net loss of C$117.5 million, or C$2.71 per share, in the three months ended April 30, compared with a profit of C$49.3 million, or C$1.11 per share, a year earlier.Shares in Trump Media slump after former president convicted in hush money trial
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Restructuring Impairment Laurentian
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