MONTREAL — Laurentian Bank says it is cutting about two per cent of its workforce and ending equity research as it continues to work through its turnaround...
MONTREAL — Laurentian Bank says it is cutting about two per cent of its workforce and ending equity research as it continues to work through its turnaround plan.
Laurentian says the cuts will be throughout the company, including in equity research as Laurentian Bank Securities will no longer be distributing research to clients. Since then, the bank has gone through several other leadership changes, including Kelsey Gunderson stepping down as head of capital markets last month, with Brian Doyle stepping in as acting head.Bill Ackman, the renowned billionaire hedge fund manager of Pershing Square Capital Management, maintains a portfolio of only eight stocks. This focused approach allows him to invest heavily in...
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