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United States

Laurentian Bank of Canada (LB.TO)

LB.TO on Toronto Stock Exchange

56.00CAD
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Tue, Dec 5 2017

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Laurentian Bank discloses 'misrepresentations' on some mortgages

Canadian lender Laurentian Bank said an audit had found "documentation issues and client misrepresentations" on some mortgages it had sold to another company, triggering the worst one-day selloff in its shares since 2009.

Laurentian Bank discloses 'misrepresentations' on some mortgages

Dec 5 Canadian lender Laurentian Bank said an audit had found "documentation issues and client misrepresentations" on some mortgages it had sold to another company, triggering the worst one-day selloff in its shares since 2009.

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