Handicapping the race for Laurentian Bank
still needs regulators to sign off on the HSBC purchase, and wouldn’t want to press its luck with another in-country takeover, especially of a less compelling target.has the lowest capital ratios of any of the Big Six banks, and would therefore need to raise the most money to buy Laurentian. They also say the bank is working through internal issues with regulators, complicating a possible bid.has staged two stock sales.
Every host’s great fear is throwing a party, only to have no one show up. At Laurentian, the board may have put up a “For Sale” sign, only to find that because of bad timing, no one makes a compelling offer.
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