Canada's Laurentian Bank records $2 mln severance charge in second quarter-February 2024-www.financetom.com

Canada's Laurentian Bank records $2 mln severance charge in second quarter

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Canada's Laurentian Bank records $2 mln severance charge in second quarter

May 31, 2024 3:55 AM

May 31 (Reuters) - Laurentian Bank of Canada ( LRCDF )

said on Friday it had booked severance charges of C$2.9 million

($2.1 million) in the second quarter in relation to its

organizational changes.

The bank expects to record additional charges of nearly C$7

million in the third quarter of 2024.

($1 = 1.3635 Canadian dollars)

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