Canadian Western Bank to Reorganize Capital with National Bank
Company Announcements

Canadian Western Bank to Reorganize Capital with National Bank

Story Highlights

Canadian Western Bank (TSE:CWB) has released an update.

National Bank of Canada and Canadian Western Bank are planning a reorganization of CWB’s tier 1 capital, which involves exchanging CWB’s Preferred Shares into new National Bank Preferred Shares. This reorganization is part of National Bank’s acquisition of all common shares of CWB and requires approval from various financial authorities.

For further insights into TSE:CWB stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskNational Bank’s Takeover of CWB Promises Growth and Choice
TheFlyCanadian Western Bank downgraded to Market Perform from Outperform at Raymond James
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App