Laurentian Bank (TSE:LB) has released an update.
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Laurentian Bank Securities has agreed to sell the assets under administration of its Discount Brokerage division to CI Investment Services Inc., including the transfer of 2,050 clients and around $250 million in assets. This move aligns with the bank’s strategy to simplify and focus on competitive business areas, aiming for a seamless transition of customers to CI Direct Trading, which provides a variety of trading resources and platforms.
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