Laurentian Bank Falls 3.5% on Quarterly Loss, Share Sale

  • Montreal-based bank sells shares to bolster capital position
  • Laurentian takes $58 million charge for reorganization

Laurentian Bank of Canada fell the most since August after posting a fiscal fourth-quarter loss that included C$78.4 million ($58 million) in costs tied to restructuring and impairments, and selling shares to bolster its balance sheet.

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