Laurentian Bank inks deal to sell assets of retail investment broker division

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 27 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

Laurentian Bank News

Assets Under Administration,Investment Broker,Private Wealth Inc

The deal includes the transfer of about $2 billion in assets from Laurentian Bank Securities to iA Private Wealth Inc, a wholly owned subsidiary of iA...

- Laurentian Bank said on Thursday it had entered an agreement to sell the assets under administration of its retail full-service investment broker division.

Quebec-based iA Financial is an insurance and wealth management company with operations in Canada and the United States. This top TSX dividend stock has increased its payout annually for nearly three decades. The post This Passive-Income All-Star Just Increased its Dividend by 3% appeared first on The Motley Fool Canada.Bitcoin has failed to consolidate near its record high notched last month. The release of the U.S. jobs report could be a key catalyst.Tesla is going through a mini-crisis and CEO Elon Musk seems detached.

Source: News Formal (newsformal.com)

Assets Under Administration Investment Broker Private Wealth Inc Ia Financial Group

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Laurentian Bank to sell US$1.5 billion in wealth-management assetsLaurentian Bank of Canada struck a deal to sell $2 billion (US$1.5 billion) of assets under administration to a subsidiary of iA Financial Group in a bid to further simplify its business after a tumultuous year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Laurentian Bank to Sell $1.5 Billion in Wealth-Management AssetsLaurentian Bank of Canada struck a deal to sell C$2 billion ($1.5 billion) of assets under administration to a subsidiary of iA Financial Group in a bid to further simplify its business after a tumultuous year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Laurentian Bank capital markets head Gunderson to departKelsey Gunderson joined the Montreal-based bank in the fall of 2019, serving as chief executive officer of Laurentian Bank Securities
Source: globeandmail - 🏆 5. / 92 Read more »

China central bank has room to cut bank reserves ratio further, deputy governor saysThe deputy governor of China's central bank said on Thursday there is ample monetary policy room to deliver further cuts to banks' reserve requirement ratio...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Laurentian appoints new university librarianDennie is a Laurentian alum, and brings with her 20 years’ experience in academic libraries
Source: sudburydotcom - 🏆 6. / 89 Read more »

22-year-old killed in UTV crash in Laurentian HillsOntario Provincial Police are investigating after a 22-year-old was killed in a crash involving a side-by-side Utility Terrain Vehicle (UTV) in Laurentian Hills on early Sunday morning.
Source: ctvottawa - 🏆 29. / 67 Read more »