•   
  •   
  •   

Canada Laurentian Bank names Rania Llewellyn as next CEO, marking a first for major Canadian lenders

02:41  21 october  2020
02:41  21 october  2020 Source:   financialpost.com

Atlanta Falcons fire coach Dan Quinn, GM Thomas Dimitroff after 0-5 start

  Atlanta Falcons fire coach Dan Quinn, GM Thomas Dimitroff after 0-5 start Dan Quin led the Falcons to Super Bowl LI. Since then, the team has gone 24-29 and the Falcons fired Quinn after Atlanta was winless through Week 5.Quinn finishes with a 43-42 record in nearly five and a half seasons with Atlanta. Since he led the team to Super Bowl LI in the 2016 season, Quinn's teams made the postseason just once and the Falcons went 24-29.

LAURENTIAN BANK OF CANADA : names former Scotiabank executive Rania Llewellyn as next CEO . All news about LAURENTIAN BANK OF CANADA . Laurentian Bank of Canada taps Rania Llewellyn as CEO ; first woman in role.

This is a list of banks in Canada , including chartered banks , credit unions, trusts, and other financial services companies that offer banking services and may be popularly referred to as " banks ". Canada 's "big five" banks , and a few statistics (2013)

Laurentian Bank of Canada on Tuesday named former Bank of Nova Scotia executive Rania Llewellyn as its next CEO, an appointment that Montreal-based Laurentian says will make Llewellyn the first woman to lead a major Canadian bank.

Llewellyn will take over as president and chief executive officer of Laurentian, as well as join its board of directors, on Oct. 30, the bank said in a press release.

“I am thrilled and honoured to join the Laurentian Bank at this critical juncture in its storied history and want to thank the Board for its confidence in me,” Llewellyn said in the release. “This is a really exciting time for our industry, with rapidly changing customer expectations driven by new technologies and broader macro-economic uncertainties that are affecting our customers every day.”

NFL chief medical officer: Playoff bubble environment not 'safest course of action' for avoiding COVID-19

  NFL chief medical officer: Playoff bubble environment not 'safest course of action' for avoiding COVID-19 The NFL isn't looking to enact a bubble environment for the postseason, as chief medical officer Allen Sills has several concerns about the idea.The NFL’s owners on Tuesday took part in a virtual meeting on health, safety and other on-field matters. Commissioner Roger Goodell and chief medical officer Dr. Allen Sills reiterated their message of the need for compliance and a commitment to the strategy of the preventative measures of wearing masks, hand-washing and maintaining social distancing along with testing, tracing and isolation.

Laurentian Bank of Canada has not done too badly by shareholders, with a total return of 6.8%, over three years. The world’s last major onshore oil discovery could be made in a country where no oil has ever been produced, and the upside potential for the company that exploits it should be remarkable.

The Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the “Group” or the “ Bank ”) and provide deposit Measures to improve efficiency leading to a reduction of headcount by approximately 10% or 350 employees over the next 12 months.

a man wearing a suit and tie smiling at the camera:  Laurentian Bank of Canada’s incoming CEO Rania Llewellyn © Laurentian Bank of Canada Laurentian Bank of Canada’s incoming CEO Rania Llewellyn

Llewellyn’s appointment comes at a challenging time for Laurentian, Canada’s seventh-biggest bank.

The nearly 175-year-old lender had been searching for a permanent CEO since June, when the retirement of its previous chief executive, François Desjardins, was announced following disappointing second-quarter earnings and a 40-per-cent cut to the lender’s dividend. Stéphane Therrien, Laurentian’s then-executive vice-president, personal and commercial banking, was appointed Desjardins’ interim successor.

Desjardins had launched a seven-year overhaul of Laurentian’s operations during his time in charge, with the lender spending on its technology and converting its physical branches into advice-only outlets. However, Laurentian’s performance disappointed investors over that stretch — which also saw the bank deal with mortgage documentation issues and contentious contract talks with its unionized workforce — and the onset of the coronavirus pandemic left it anticipating further delays to the strategic plan.

Where could Le'Veon Bell land in a trade? 6 possible team fits for Jets RB

  Where could Le'Veon Bell land in a trade? 6 possible team fits for Jets RB The Jets seemingly are ready to move on from Le'Veon Bell, but finding a taker for the running back might not be so easy.If you think you've heard Bell's name on the block before, well ... yep.

Although the Laurentian Bank of Canada has been operating primarily out of Quebec since their start in 1846, they also offer online banking and have branches, real estate offices, and business service locations in all of Canada ’s major provinces.

June 15 (Reuters) - Laurentian Bank of Canada said on Monday Chief Executive Officer François Desjardins will retire after 29 years with the company, effective June 30. The lender said its board has established a special committee to immediately undertake the search for a new president and CEO .

“Rania Llewellyn is the right leader to usher in a new era at Laurentian Bank,” said Michelle Savoy, a Laurentian director who headed the CEO search committee, in the release. “Following a rigorous search process, we are confident she is the change agent this bank needs to address the headwinds it faces and to establish a foundation for future growth and success. In addition, we are proud to have the first woman CEO in the history of major Canadian chartered banks.”

Canada’s Big Six banks all have men as their chief executives, although the Canadian arm of Britain’s HSBC Holdings Plc is led by Linda Seymour, who succeeded Sandra Stuart as HSBC Bank Canada’s chief executive in September.

Llewellyn spent more than 25 years at Scotiabank, most recently as its executive vice president of global business payments. While at Scotiabank, Llewellyn also led the diversity and inclusion office for its global banking and markets unit and served as a member of the lender’s “Executive All Bank Inclusion Council,” Laurentian said.

Opinion: COVID-19 didn't defeat the Tennessee Titans, and neither has any NFL team yet

  Opinion: COVID-19 didn't defeat the Tennessee Titans, and neither has any NFL team yet The Tennessee Titans were ready, and they had a blast after being sidelined for two weeks, rolling past a good opponent in the Buffalo Bills.Embarrassed, frustrated, angry, sad – you name it, the Titans were there.

More details. Close. Laurentian Bank Of Canada (LB). LB User Rankings. Users ranking according to the performance of their sentiments for the Laurentian Bank Of Canada stock.

The governments of the major industrial economies successfully pursued macroeconomic policies, in the search of full and stable employment. These comfortable conditions no longer exist, and business must be prepared to respond to constant changes and fluctuations in all these variables, as well as

According to the biographical details provided by Laurentian, Llewellyn was born in Kuwait and immigrated to Canada from Egypt in 1992. She has a bachelor of commerce degree, MBA and an honorary doctorate from Saint Mary’s University in Halifax.

“I recognize, respect and celebrate the Laurentian Bank’s deep roots and rich history in Quebec and I am committed to always putting our customers first in everything we do,” she added in the press release. “I look forward to working with my new colleagues across Canada and in the U.S. to develop a strategy for long-term growth and success that meets the needs and expectations of all our stakeholders.”

National Bank Financial analyst Gabriel Dechaine said in a note to clients on Tuesday that the external hire by Laurentian could bring some welcome change to the lender.

“We believe LB needs a fresh face to lead the bank out of several years of sub-par performance, along with several strategic and operational mishaps,” Dechaine wrote. “We also believe a new CEO will have more flexibility to take dramatic action to put the bank on more solid footing during the current downturn and into the future.”

• Email: gzochodne@nationalpost.com | Twitter: GeoffZochodne

Browns' Odell Beckham Jr. on COVID-19: 'I don't think it's going to enter this body...it's a mutual respect' .
Cleveland Browns wide receiver Odell Beckham Jr. said he doesn't believe he will be infected with coronavirus because "it's a mutual respect."The Cleveland Browns wide receiver told reporters Wednesday he doesn't believe he can contract COVID-19, which has killed more than 210,000 Americans. The 27-year-old missed practice last week due to a non-related-COVID-19 illness.

usr: 3
This is interesting!