Laurentian Bank to sell US$1.5 billion in wealth-management assets

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Laurentian 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.

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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.
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