- Laurentian Bank of Canada has cut 2% jobs across the company and shut down its equity research unit as a part of a planned restructuring of its business, the lender said on Thursday.
Laurentian Bank, which launched a strategic review in July 2023, said it considered a variety of options, including selling itself and divesting certain businesses. 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...The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.
A U.S. Department of Justice investigation into TD Bank was focused on how Chinese drug traffickers and crime groups used Canada's second-largest lender to launder their money from fentanyl sales, the Wall Street Journal reported earlier this month. Five members of the finance committee requested to discuss recent revelations regarding TD Bank and allegations of failing to report money laundering related to trafficking of fentanyl, the House of Commons committee said on Tuesday.
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