Laurentian Bank cuts jobs, shuts equity research business [Yahoo! Finance]
Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS)
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am
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US:NYSE Investor Relations:
seekingalpha.com/article/4128193-bank-nova-scotias-bns-ceo-brian-porter-q4-2017-results-earnings-call-transcript
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Source: Yahoo! Finance
The reduction in the workforce was notified to the employees by CEO Eric Provost through an internal note on Wednesday, it said. Laurentian Bank, which launched a strategic review in July 2023, said it considered a variety of options, including selling itself and divesting certain businesses. The Canadian bank, however, reportedly struggled to find an acquirer and the country's top banks - Bank of Nova Scotia and Toronto-Dominion Bank - had backed out from bidding for the company. Laurentian Bank named Provost as chief executive late last year following an IT outage that disrupted online services, just days after ending the strategic review without finding a buyer. Shares of the lender have fallen 35.8% since it launched its strategic review last July. (Reporting by Nivedita Balu in Toronto and Pritam Biswas in Bengaluru; Editing by Shailesh Kuber)
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BNS
Earnings
- 5/28/24 - Beat
BNS
Sec Filings
- 6/25/24 - Form 424B2
- 6/25/24 - Form 424B3
- 6/25/24 - Form 424B2
- BNS's page on the SEC website